Time New York: Sat 18 Nov 16:37 pm  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Surging Earnings Estimates Signal Good News for Bristow Group (BRS)

Zacks

Bristow Group BRS, a company which provides industrial aviation services to the offshore energy industry, 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 BRS’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 Bristow Group could be a solid choice for investors.

Current Quarter Estimates for BRS

In the past 30 days, the company’s trend has been pretty favorable, with estimates narrowing from a loss of $1.07 a share 30 days ago, to a loss of 98 cents today, a move of 8.4%.


Current Year Estimates for BRS

Meanwhile, Bristow Group’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $3.93 per share 30 days ago to a loss of $3.63 per share today, an increase of 7.6%.

Bottom Line

The stock has also started to move higher lately, adding 20.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


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

To read this article on Zacks.com click here.
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.