Rudolph Technologies Inc. (RTEC) is a New Jersey based electrical manufacturer - machinery 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 RTEC’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 Rudolph Technologies could be a solid choice for investors.
 
Current Quarter Estimates for RTEC
 
In the past 30 days, 1 estimate have gone higher for Rudolph Technologies while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 4 cents a share 30 days ago, to 8 cents today, a move of 100%.
 
Current Year Estimates for RTEC
 
Meanwhile, Rudolph Technologies’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 33 cents per share 30 days ago to 59 cents per share today, an increase of 96.7%.
 
Bottom Line
 
The stock has also started to move higher lately, adding 21.6% 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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