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Earnings Estimates Moving Higher for Navistar (NAV): Time to Buy?


Navistar International Corporation NAV is a holding company that could be an interesting play for investors. That's 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 NAV’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 Navistar could be a solid choice for investors.

Current Quarter Estimates

In the past 30 days, five estimates have gone higher for Navistar while one estimate have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 48 cents a share 30 days ago, to 56 cents today, a move of 16.7%.

Current Year Estimates

Meanwhile, Navistar’s current year figures are also looking quite promising, with six estimates moving higher in the past month, compared to two lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 73 cents per share 30 days ago to a loss of 60 cents per share today, an increase of 17.8%.

Bottom Line

The stock has also started to move higher lately, adding 29.3% 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.

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