Why You Need to Pay Attention to US Ecology (ECOL) Stock - Tale of the Tape
One company that should be on your radar is US Ecology, Inc. ( ECOL ). The stock from Waste Removal Services industry has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For ECOL's full year estimate, we have seen 4 estimates go higher in the past 30 days while no downward estimate revision was observed in the same time period. This trend has helped the consensus estimate to trend higher, increasing from $1.47 a share a month ago to its current level at $1.56 a share.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, ECOL has seen some pretty solid trading lately, as the company has moved higher by 10.8% in the past month.
If US Ecology 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 ECOL on your watch list for the future.
Other top-ranked stocks worth considering in the Business Services sector include Liquidity Services, Inc. ( LQDT ), McGraw Hill Financial, Inc. ( MHFI ) and FactSet Research Systems Inc. ( FDS ). All these stocks carry a Zacks Rank #2 (Buy).
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US ECOLOGY INC (ECOL): Free Stock Analysis Report
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