One company that should be on your radar is Barnes & Noble, Inc. ( BKS ). The stock of this retailer of content, digital media and educational products 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 BKS' full year estimate, we have seen 2 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 a loss of $1.25 a share a month ago to its current level at a loss of 51 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, BKS has seen some pretty solid trading lately, as the company has moved higher by 45.2% in the past month.
If Barnes & Noble 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 BKS on your watch list for the future.
Other top-ranked stocks worth considering in this space include ITOCHU Corporation ( ITOCY ), Kingfisher plc ( KGFHY ), and Jamba, Inc. ( JMBA ). Jamba and Kingfisher carry a Zacks Rank #2 (Buy) while ITOCHU Corp. carries a Zacks Rank #1 (Strong Buy).
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