Cosan Ltd. ( CZZ ), one of Brazil's leading conglomerates, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CZZ's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Cosan could be a solid choice for investors.Current Quarter Estimates for CZZ
In the past 30 days, no estimates have gone higher or lower for Cosan. However, the consensus estimate trend has been pretty favorable, with estimates increasing from 5 cents a share 30 days ago, to 25 cents today, a significant move.Current Year Estimates for CZZ
Meanwhile, Cosan's current year figures are also looking quite promising. No estimates moved higher or lower in the past month. However, the consensus estimate trend has seen a boost for this time frame, increasing from 94 cents per share 30 days ago to $1.04 per share today, a significant increase.Bottom Line
The stock has also started to move higher lately, adding 7.11% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCOSAN LTD-A (CZZ): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research