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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Why Green Plains (GPRE) Stock Might be a Great Pick

Zacks Equity Research
Updated

One stock that might be an intriguing choice for investors right now is Green Plains Inc. GPRE. This is because this security in the Chemicals-Speciality 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 Chemicals-Speciality space as it currently has a Zacks Industry Rank of 51 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Green Plains 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.

GREEN PLAINS Price and Consensus

GREEN PLAINS Price and Consensus | GREEN PLAINS Quote

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In fact, over the past month, current quarter estimates have risen from 36 cents per share to 37 cents per share, while current year estimates have risen from 20 cents per share to 21 cents per share. This has helped GPRE to earn a Zacks Rank #1(Strong Buy), further underscoring the company’s solid position.

So, if you are looking for a decent pick in a strong industry, consider Green Plains. 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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GREEN PLAINS (GPRE): Free Stock Analysis Report
 
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