Miller Industries(MLR) ZACKS·2024-12-04 18:00Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Miller Industries (MLR) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank system, which has a strong track record of outperforming the market; MLR has a Zacks Rank of 2 (Buy) [3] Group 2: Performance Metrics of Miller Industries - MLR shares have increased by 2.35% over the past week, outperforming the Zacks Automotive - Original Equipment industry, which rose by 0.49% [6] - Over the past quarter, MLR shares have risen by 29.77%, and by 86.07% over the last year, compared to the S&P 500's increases of 9.71% and 33.24%, respectively [7] - MLR's average 20-day trading volume is 108,812 shares, indicating a bullish sign when combined with rising stock prices [8] Group 3: Earnings Outlook - Recent earnings estimate revisions for MLR show one upward revision and no downward revisions, increasing the consensus estimate from $5.60 to $5.68 over the past 60 days [10] - For the next fiscal year, there has been one upward estimate revision with no downward changes, indicating positive earnings outlook [10] - Given these factors, MLR is positioned as a 2 (Buy) stock with a Momentum Score of B, suggesting it is a promising near-term investment [11]