One company that should be on your radar is Kadant Inc. ( KAI ). The stock of this supplier of technology-based systems has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.ALTRA HOLDINGS (AIMC): Free Stock Analysis ReportGRACO INC (GGG): Free Stock Analysis ReportKADANT INC (KAI): Free Stock Analysis ReportSUN HYDRAULICS (SNHY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For KAI's full year estimate, we have seen 1 estimates go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from $2.51 a share a month ago to its current level at $2.62.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, KAI has seen some pretty solid trading lately, as the company has moved higher by 15.6% in the past month.
If Kadant can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put KAI on your watch list for the future.
Other top-ranked stocks worth considering in this space include Sun Hydraulics Corp. ( SNHY ), Altra Industrial Motion Corp. ( AIMC ) and Graco Inc. ( GGG ). While Sun Hydraulics holds a Zacks Rank #1 (Strong Buy), Altra Industrial and Graco carry Zacks Rank #2 (Buy).
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