Polaris Industries Inc. PII was a big mover last session, as the company saw its shares rise over 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $103.05-$106.92 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company reported better-than-expected results.
The company has seen two positive estimate revisions in the past one month compared to no negative revisions. The Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for Polaris. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Polaris currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Polaris Industries Inc. Price and Consensus
Another stock worth considering from the Leisure and Recreation Products industry is Malibu Boats, Inc. MBUU which also carries a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
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