Yahoo Finance Bull of the Day: Douglas Dynamics
The market is in all out beast mode right now. The lower than expected CPI number this month helped spark a rally of epic proportions. A big gap up and go for stocks that many expect is likely to continue. That may make everyone feel like the dart-board approach is back. That could not be further from the truth. When the frothy rally dies, it will be earnings that separate the platinum from the white gold.
One way to find stocks with great earnings trends is by leaning on our Zacks Rank. Our Zacks Rank is based on earnings estimate revisions coming from analysts all over Wall Street. Today’s Bull of the Day is Zacks Rank #1 (Strong Buy) Douglas Dynamics PLOW.
Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The company sells its products under the BLIZZARD, FISHER, SNOWEX, WESTERN, TURFEX, SWEEPEX, HENDERSON, BRINEXTREME, and DEJANA brands. It distributes its products primarily to professional snowplowers who are contracted to remove snow and ice from commercial and residential areas. The company was founded in 1948 and is headquartered in Milwaukee, Wisconsin.
Image Source: Zacks Investment Research
The reason for the favorable Zacks Rank is that analysts have been increasing their earnings estimates for both the current year and next year. Over the last 30 days, estimates for the current year are up from $1.80 to $2.01 while next year’s number is up from $2.27 to $2.32. That represents EPS growth of 20% this year and 15% next year.
The year-over-year growth has helped the stock rally from lows under $30 in October to over $38 today. The stock is still a far cry from the late 2019, early 2020 highs over $55.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Douglas Dynamics, Inc. (PLOW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
