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Earnings Estimates Moving Higher for Navigator Holdings (NVGS): Time to Buy?

Navigator Holdings Ltd.NVGS is a dry bulk cargoes transporter 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 NVGS' 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 Navigator Holdings could be a solid choice for investors.

Current Quarter Estimates for NVGS

In the past 30 days, five estimates have gone higher for Navigator Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a couple of cents a share 30 days ago, to 8 cents today, a move of 3%.

Current Year Estimates for NVGS

Meanwhile, Navigator Holdings' current year figures are also looking quite promising, with five 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 54 cents per share 30 days ago to 75 cents per share today, an increase of 38.8%.

Navigator Holdings Ltd. Price and Consensus

Navigator Holdings Ltd. Price and Consensus | Navigator Holdings Ltd. Quote

Bottom Line

The stock has also started to move higher lately, adding 16.6% 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. You can see the complete list of today's Zacks #1 (Strong Buy) 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.


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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