One company that should be on your radar is Knight Transportation Inc. ( KNX ). The stock of this truckload carrier has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.COVENANT TRANS (CVTI): Free Stock Analysis ReportHEARTLAND EXP (HTLD): Free Stock Analysis ReportKNIGHT TRANSN (KNX): Free Stock Analysis ReportPAM TRANSPORT (PTSI): Get Free 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 KNX's full year estimate, we have seen 10 estimates go higher in the past 30 days, compared to just 2 lower. This trend has helped the consensus estimate to trend higher, going from 94 cents a share a month ago to its current level at 99 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, KNX has seen some pretty solid trading lately, as the company has moved higher by 13.5% in the past month.
If Knight Transportation 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 KNX on your watch list for the future.
Other top-ranked stocks worth considering in this space include P.A.M. Transportation Services, Inc. ( PTSI ), Covenant Transportation Group, Inc. ( CVTI ) and Heartland Express, Inc. ( HTLD ). While P.A.M. Transportation and Covenant carry a Zacks Rank #1 (Strong Buy), Heartland Express carry a Zacks Rank #2 (Buy).
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