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Why American Woodmark (AMWD) Could Be Positioned for a Surge


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American Woodmark CorporationAMWD is a producer and distributor of kitchen cabinets and vanities for the new home construction and remodeling markets that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AMWD's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that American Woodmark could be a solid choice for investors.

Current Quarter Estimates for AMWD

In the past 30 days, one estimate has gone higher for American Woodmark while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.49 a share 30 days ago, to $1.96 today, a move of 31.5%.

Current Year Estimates for AMWD

Meanwhile, American Woodmark's current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $6.01 per share 30 days ago to $7.55 per share today, an increase of 25.6%.

American Woodmark Corporation Price and Consensus

American Woodmark Corporation Price and Consensus | American Woodmark Corporation Quote



Bottom Line

The stock has also started to move higher lately, adding 5.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see  the complete list of today's Zacks #1 Rank  stocks here .

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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 Symbols: AMWD



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