Increased Earnings Estimates Seen for Willdan Group (WLDN): Can It Move Higher?

Willdan Group, Inc. (WLDN) is an engineering Services provider 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 WLDN’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 Willdan Group could be a solid choice for investors.

Current Quarter Estimates for WLDN

In the past 30 days, 1 estimate has gone higher for Willdan Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 16 cents a share 30 days ago, to 26 today, a move of 62.5%.

Current Year Estimates for WLDN

Meanwhile, Willdan Group’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 76 cents per share 30 days ago to $1.21 per share today, an increase of 59.2%.

Bottom Line

The stock has also started to move higher lately, adding 26.8% 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 #1 (Strong Buy) stock to profit in the near future.

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