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Is Westport Fuel Systems (WPRT) Stock a Solid Choice Right Now?

Zacks Equity Research
Updated

One stock that might be an intriguing choice for investors right now is Westport Fuel Systems Inc WPRT. This is because this security in the Automotive - Original Equipment space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Automotive - Original Equipment space as it currently has a Zacks Industry Rank of 31 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Westport Fuel Systems is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Westport Fuel Systems Inc Price and Consensus

 

Westport Fuel Systems Inc Price and Consensus | Westport Fuel Systems Inc Quote

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In fact, over the past month, current quarter estimates have narrowed from a loss of 15 cents per share to a loss of 14 cents per share, while current year estimates have narrowed from a loss of 46 cents per share to a loss of 43 cents per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Westport Fuel Systems. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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Westport Fuel Systems Inc (WPRT): Free Stock Analysis Report
 
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Zacks Investment Research