One company that should be on your radar is Mistras Group, Inc. ( MG ). The stock of this Computer and Technology sector has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For MG's full year estimate, we have seen 3 estimates go higher in the past 30 days while no downward estimate revision was observed in the same time period. This trend has helped the consensus estimate to trend higher, increasing from 80 cents a share a month ago to its current level at 91 cents a share.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, MG has seen some pretty solid trading lately, as the company has moved higher by 16.8% in the past month.
If Mistras Group can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put MG on your watch list for the future.
Other top-ranked stocks worth considering in the Computer and Technology sector include Richardson Electronics Ltd. ( RELL ), Ametek Inc. ( AME ) and Geospace Technologies Corporation ( GEOS ). All these stocks carry a Zacks Rank #2 (Buy).