Alcatel-Lucent (ALU), the stock in the computer Communication Components industry 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 ALU’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 The Alcatel could be a solid choice for investors.
Current Quarter Estimates for ALU
In the past 30 days, no estimate revision has been observed. However, the trend has been pretty favorable, with estimates improving from a loss of 1 cent a share 30 days ago to earnings of 1 cent per share today.
Current Year Estimates for ALU
Meanwhile, Alcatel’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month. The consensus estimate trend has also seen an improvement for this time frame, narrowing from a loss of 73 cents per share 30 days ago to a loss of 72 cents per share today, a move of 1.4%.
The stock has also started to move higher lately, adding 5.7% 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 #3 (Hold) stock to profit in the near future.
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ALCATEL-LUCENT (ALU): Free Stock Analysis Report
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