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Why Covenant Logistics (CVLG) Should Grace Your Portfolio

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Shares of Covenant Logistics Group CVLG have surged 91.4% so far this year compared with the 34.6% appreciation of its industry.

Image Source: Zacks Investment Research

Let’s look into the factors that are working in favor of this currently Zacks Rank #1 (Strong Buy) stock. You can see the complete list of today's Zacks #1 Rank stocks here.

Northward Earnings Estimates: The Zacks Consensus Estimate for current-quarter earnings has inched up 1% over the past 60 days. For 2021, the consensus mark for earnings has moved 7.9% north in the same time frame. The favorable estimate revisions reflect the confidence of brokers in the stock.

Given the wealth of information at brokers’ disposal, it is in the best interest of investors to be guided by their expert advice and the direction of their estimate revisions. This is because the path of........

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