Williams Companies, Inc.WMB is an energy 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 WMB'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 Williams Companies could be a solid choice for investors.
Current Quarter Estimates for WMB
In the past 30 days, 2 estimates have gone higher for Williams Companies, while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 16 cents a share 30 days ago, to 22 cents per share today, a move of 37.5%.
Current Year Estimates for WMB
Meanwhile, Williams Companies' current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 59 cents per share 30 days ago to 67 per share today, an increase of 13.6%.
WILLIAMS COS Price and Consensus
The stock has also started to move higher lately, adding 5.9% 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.