Published on 26 Mar 2024 on Zacks via Yahoo Finance
Allegion (ALLE): Strong Industry, Solid Earnings Estimate Revisions
One stock that might be an intriguing choice for investors right now is Allegion plc ALLE. This is because this security in the Security and Safety Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Security and Safety Services space as it currently has a Zacks Industry Rank of 36 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.