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Can Dynamic Materials (BOOM) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape

Dynamic Materials Corp.(BOOM ) is a Metal Processing & Fabrication provider 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 BOOM'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 Dynamic Materials could be a solid choice for investors.

Current Quarter Estimates for BOOM

In the past 30 days, no estimates have moved for Dynamic Materials. However, the trend has been pretty favorable, with estimates increasing from 16 cents a share 30 days ago, to 17 cents today, a move of 6.3%.

Current Year Estimates for BOOM

Dynamic Materials' current year figures have not seen any estimate revision either. However, the consensus estimate trend has seen a boost for this time frame, increasing from 67 cents a share 30 days ago to 68 cents per share today, an increase of 1.5%.

Bottom Line

The stock has also started to move higher lately, adding 6.3% 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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DYNAMIC MATLS (BOOM): 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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