Can Intelsat (I) Run Higher On Strong Earnings Estimate Revisions?

Intelsat S.A. (NYSE:I) , which offers satellite communications services, 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 I’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 Intelsat could be a solid choice for investors.

Current Quarter Estimates for I

In the past 30 days, three estimates have gone higher for Intelsat while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing a loss of from 29 cents a share 30 days ago, to 19 cents today, a move of 34.5%.

Current Year Estimates for I

Meanwhile, Intelsat’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.13 per share 30 days ago to 77 cents per share today, an increase of 31.9%.

Bottom Line

The stock has also started to move higher lately, adding 23.6% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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