Why Gruma S.A.B. (GMK) Has A Bright Short-Term Future? - Tale of the Tape

By Zacks Equity Research,

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One company that should be on your radar is Gruma S.A.B. de CV ( GMK ). The stock of the food product space has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For GMK's full year estimate, we have seen 1 estimate goes higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from $1.35 per share a month ago to its current level at $1.38 per share.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, GMK has seen some pretty solid trading lately, as the company has moved higher by 10.7% in the past month.

If Gruma 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 GMK on your watch list for the future.

Other top-ranked stocks worth considering in this space include ConAgra Foods, Inc. ( CAG ), Kraft Foods Group, Inc. ( KRFT ), Mondelez International, Inc. ( MDLZ ), each with a Zacks Rank #2 (Buy).

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CONAGRA FOODS (CAG): Free Stock Analysis Report

GRUMA SA-ADR B (GMK): Free Stock Analysis Report

KRAFT FOODS GRP (KRFT): Free Stock Analysis Report

MONDELEZ INTL (MDLZ): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: CAG , GMK , KRFT , MDLZ

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