Craft Brew Alliance, Inc. BREW,  which is engaged in the business of brewing, marketing and selling of craft beers, 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 BREW’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 Craft Brew Alliance could be a solid choice for investors.

Current Quarter Estimates for BREW

In the past 30 days, one estimate has gone higher for Craft Brew Alliance while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 14 cents a share 30 days ago, to 16 cents today, a move of 14.3%.

Current Year Estimates for BREW

Meanwhile, Craft Brew Alliance’s current year figures are also looking quite promising, with 2 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 21 cents per share 30 days ago to 26 cents per share today, an increase of 23.8%.

CRAFT BREW ALLN Price and Consensus

CRAFT BREW ALLN Price and Consensus | CRAFT BREW ALLN Quote

Bottom Line

The stock has also started to move higher lately, adding 34.3% 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 #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.