How InterDigital (IDCC) Stock Stands Out in a Strong Industry

Zacks

One stock that might be an intriguing choice for investors right now is InterDigital, Inc. (IDCC). This is because this security in the telecommunications 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 telecommunications space as it currently has a Zacks Industry Rank of 50 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
 
Meanwhile, InterDigital is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
 
In fact, over the past month, current quarter estimates have narrowed from a loss of 17 cents per share to a loss of 16 cents per share, while current year estimates have narrowed from a loss of 65 cents a share to a loss of 62 cents a share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal
 
So, if you are looking for a decent pick in a strong industry, consider InterDigital. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
 




INTERDIGITAL INC (IDCC): Free Stock Analysis Report


Zacks Investment Research

Rates

View Comments (1)