Can Allied World Assurance (AWH) Run Higher on Strong Earnings Estimate Revisions?
Allied World Assurance Company Holdings, AGAWH is a provider of property, casualty, and specialty insurance and reinsurance solutions 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 AWH'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 Allied World Assurancecould be a solid choice for investors.
Current Quarter Estimates forAWH
In the past 30 days, 2 estimates have gone higher for Allied World Assurance, while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 51 cents a share 30 days ago, to 64 cents per share today, a move of 25.5%.
Current Year Estimates forAWH
Meanwhile, Allied World Assurance's current year figures are also looking quite promising, with 2 estimates 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 $2.25 per share 30 days ago to $2.90 per share today, an increase of 28.9%.
ALLIED WORLD AS Price and Consensus
The stock has also started to move higher lately, adding 15.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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