One stock that might be an intriguing choice for investors right now is (DE – Free Report). This is because this security in the Manufacturing – Farm Equipment space is seeing solid earnings estimate revision activity, and is a 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 Manufacturing – Farm Equipment space as it currently has a Zacks Industry Rank of 17 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
In fact, over the past month, current quarter estimates have risen from 87 cents per share to $1.09 per share, while current year estimates have risen from $7.04 per share to $7.94 per share. This has helped DE to earn a Zacks Rank #1(Strong Buy), further underscoring the company's solid position.
