Why Bank of Montreal (BMO) Could Be Positioned for a Surge
Bank of Montreal BMO is a diversified North American financial 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 BMO’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 Bank of Montreal could be a solid choice for investors.
Current Quarter Estimates for BMO
In the past 30 days, three estimates have gone higher for Bank of Montreal while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.94 a share 30 days ago, to $2.32 today, a move of 19.6%.
Current Year Estimates for BMO
Meanwhile, Bank of Montreal’s current year figures are also looking quite promising, with five estimates 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 $8.23 per share 30 days ago to $9.67 per share today, an increase of 17.5%.
The stock has also started to move higher lately, adding 9.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.