Surging Earnings Estimates Signal Upside for Powell Industries (POWL) Stock
POWLPowell(POWL) ZACKS·2024-08-03 01:21

Powell Industries (POWL) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this energy equipment company, should get reflected in its stock price. After all, empirical research shows a strong corre ...