Sometimes I’m very surprised when stocks pop up on my Bull of the Day radar. I get all sorts of stocks across a broad range of industries. They can range from the very exciting to the mundane. Today, I’d have to say the tilt is decidedly mundane. But there’s nothing all that boring about profits so let’s explore. The dairy producer industry is in the Top 7% of all the 265 industries we rank with our Zacks Industry Rank. At the top of that industry is Zacks Rank #1 (Strong Buy) Dean Foods (DF – Analyst Report).

Dean Foods is the nation’s leading processor and distributor of fresh milk and other dairy products. The company produces a full line of company-branded and private label dairy products. I’m sure a quick look at the milk aisle at your local grocery store will reveal several of their offerings.

Whether you love milk or you’re lactose intolerant, the important thing is this stock is absolutely on fire right now with Value, Growth and Momentum Style Scores of A to go along with that fantastic Zacks Rank. The reason for the bullish rank is in the recent earnings estimate revisions.In the last 30 days, six analysts have revised their estimates for the current year while five have done so for the current quarter.

The resulting impact on the Zacks Consensus Estimate has been impressive. Our consensus for the current quarter has jumped from 30 cents to 38 cents while the current year number has shot up from $1.25 to $1.51. The recent quarterly surprises may have made an impression on analysts. Last quarter earnings came in at 38 cents versus expectation for 45 cents. This is coming on the heels of a 2 cent beat the quarter before.

The underlying bullishness has not had a huge impact on the stock price. While shares have rallied a bit after bottoming out near $16.25 in late April, a move testing $19 failed and the stock has retreated to the mid-$17s. This is the bottom end of a trading range that Dean has seen for most of the last six months. The 52-week high sits above $21.