One company that should be on your radar is Sharps Compliance Corp. ( SMED ). The stock of this Waste Management provider has seen its Zacks Rank surge over the past four weeks, moving from Neutral 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 SMED's full year estimate, we have seen 1 estimate go higher in the past 30 days, and there has been no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from a loss of 2 cents a share 30 days ago to its current break even level.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, SMED has seen some pretty solid trading lately, as the company has moved higher by 19.3% in the past month.
If Sharps Compliance 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 SMED on your watch list for the future.
Other top-ranked stocks worth considering in this space include Heritage-Crystal Clean, Inc
), Pure Cycle Corporation
) and Tetra Tech Inc.
). All these carry a Zacks Rank #2 (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 >>SHARPS COMPLIAN (SMED): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research