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Stock impact report

Can Northwest Pipe Co. (NWPX) Run Higher on Rising Earnings Estimates? [Yahoo! Finance]

Northwest Pipe Company (NWPX) 
Last northwest pipe company earnings: 3/2 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: nwpipe.com/investor-relations
Company Research Source: Yahoo! Finance
The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this steel pipe maker, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for Northwest Pipe Co. As there has been strong agreement among the covering analysts in raisin Show less Read more
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