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Just came across STRA (Strategic Education) and it's actually interesting from a momentum play perspective. The stock just got bumped to a Strong Buy on the Zacks Rank, which doesn't happen for everything. What caught my eye is it's got a B rating on both the VGM and Momentum scores - that's pretty solid for a Consumer Discretionary play.
So basically, two analysts upgraded their earnings estimates in the last couple months, and the consensus target moved up to $6.87 per share. The company's been posting like a 19.9% average earnings surprise, which means they're consistently beating expectations. Over the past four weeks STRA is up 0.3%, nothing crazy yet but the momentum indicators are pointing upward.
They run Strayer University plus that coding bootcamp in NYC (NYCDA), so it's positioned in the education space targeting younger demographics. The thesis seems to be that as earnings revisions keep coming in positive, this could run harder. Obviously nothing's guaranteed, but the combination of the Strong Buy rank plus the momentum setup is worth watching. Anyone else looking at this or is it flying under the radar?