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Increased Earnings Estimates Seen For Comtech (CMTL): Can It Move Higher?

By Zacks Investment ResearchStock MarketsDec 17, 2017 08:58PM ET
www.investing.com/analysis/increased-earnings-estimates-seen-for-comtech-cmtl-can-it-move-higher-200274018
Increased Earnings Estimates Seen For Comtech (CMTL): Can It Move Higher?
By Zacks Investment Research   |  Dec 17, 2017 08:58PM ET
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Comtech Telecommunications Corp. (NASDAQ:CMTL) designs, develops, produces, and markets products, systems, and services for communications solutions that 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 CMTL’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 Comtech could be a solid choice for investors.

Current Quarter Estimates for CMTL

In the past 30 days, three estimates have gone higher for Comtech while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 9 cents a share 30 days ago, to a loss of 7 cents today, a move of 22.2%.

Current Year Estimates for CMTL

Meanwhile, Comtech current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 39 cents per share 30 days ago to 44 cents per share today, an increase of 12.8%.

Comtech Telecommunications Corp. Price and Consensus

Comtech Telecommunications Corp. Price and Consensus | Comtech Telecommunications Corp. Quote

Bottom Line

The stock has also started to move higher lately, adding 11.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (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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Comtech Telecommunications Corp. (CMTL): Free Stock Analysis Report

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Increased Earnings Estimates Seen For Comtech (CMTL): Can It Move Higher?
 

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Increased Earnings Estimates Seen For Comtech (CMTL): Can It Move Higher?

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