One company that should be on your radar is Gentherm Incorporated ( THRM ). The stock of this thermal management technologies and cable systems provider has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For THRM's full year estimate, we have seen 4 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 $1.18 a share a month ago to its current level at $1.32.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, THRM has seen some pretty solid trading lately, as the company has moved higher by 21.8% in the past month.
If Gentherm 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 THRM on your watch list for the future.
Other top-ranked stocks worth considering in this space include Gentex Corp.
), BorgWarner Inc.
), and Allison Transmission Holdings, Inc.
). All these carry a Zacks Rank #2 (Strong Buy).
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 report >>ALLISON TRANSMN (ALSN): Free Stock Analysis ReportBORG WARNER INC (BWA): Free Stock Analysis ReportGENTEX CORP (GNTX): Free Stock Analysis ReportGENTHERM INC (THRM): Free Stock Analysis ReportTo read this article on Zacks.com click here.