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Can Douglas Dynamics (PLOW) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape

Douglas Dynamics, Inc. ( PLOW ), the manufacturer and seller of snow and ice control equipment for light trucks 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 PLOW's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Douglas Dynamics could be a solid choice for investors.

Current Quarter Estimates for PLOW

In the past 30 days, 2 estimates have gone higher for Douglas Dynamics while there is no downward estimates revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 22 cents a share 30 days ago, to 31 cents today, a move of 40.9%.

Current Year Estimates for PLOW

Meanwhile, Douglas Dynamics' current year figures are also looking quite promising, with 2 estimates moved higher in the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from $1 per share 30 days ago to $1.25 per share today, an increase of 25%.

Bottom Line

The stock has also started to move higher lately, adding 8.9% 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 #3 (Hold) stock to profit in the near future.

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DOUGLAS DYNAMIC (PLOW): Free Stock Analysis Report

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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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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