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Can YRC Worldwide (YRCW) Run Higher on Strong Earnings Estimate Revisions?

Zacks Equity Research
Updated

YRC Worldwide Inc. YRCW is a provider of various transportation services 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 YRCW’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 YRC Worldwide could be a solid choice for investors.

Current Quarter Estimates for YRCW

In the past 30 days, 1 estimate has gone higher for YRC Worldwide while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 43 cents a share 30 days ago, to 48 cents today, a move of 11.6%.

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Current Year Estimates for YRCW

Meanwhile, YRC Worldwide’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 41 cents per share 30 days ago to 50 cents per share today, an increase of 21.9%.

YRC Worldwide, Inc. Price and Consensus

 

YRC Worldwide, Inc. Price and Consensus | YRC Worldwide, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 26.7% 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. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Zacks Investment Research