Markets

Why Dynamic Materials (BOOM) Could Be Positioned for a Surge

Dynamic Materials Corp.BOOM is an explosion metal working company 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, 1 estimate has gone higher for Dynamic Materials with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 2 cents a share 30 days ago, to 7 today, making a significant move.

Current Year Estimates for BOOM

Meanwhile, Dynamic Materials' current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 3 cents per share 30 days ago to earnings of 5 cents per share today, improving considerably.

Bottom Line

The stock has also started to move higher lately, adding nearly 68% 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.

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

DYNAMIC MATLS (BOOM): 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

BOOM

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More