Markets
HDS

Is HD Supply (HDS) Stock a Solid Choice Right Now?

One stock that might be an intriguing choice for investors right now is HD Supply Holdings, Inc.HDS . This is because this security in the Industial Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Industial Services space as it currently has a Zacks Industry Rank of 21 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, HD Supply is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.

HD SUPPLY HLDGS Price and Consensus

HD SUPPLY HLDGS Price and Consensus | HD SUPPLY HLDGS Quote

In fact, over the past month, current quarter estimates have risen from 82 cents per share to 87 cents per share, while current year estimates have risen from $2.55 per share to $2.63 per share. The company currently holds a Zacks Rank #3 (Hold), which is also a favorable signal.

So, if you are looking for a decent pick in a strong industry, consider HD Supply. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

HD SUPPLY HLDGS (HDS): Free Stock Analysis Report

To read this article on Zacks.com click here.

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.

In This Story

HDS

Other Topics

Investing Stocks