Is More Good News Ahead for Recent Winner Glu Mobile (GLUU)?
One company that should be on your radar is Glu Mobile, Inc. (GLUU). The stock of this producer of mobile games company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For GLUU’s full year estimate, we have seen 2 estimates go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from a loss of 10 cents a share a month ago to its current level of a loss of 5 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, GLUU has seen some pretty solid trading lately, as the company has moved higher by 17.2 % in the past month.
If Glu Mobile can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put GLUU on your watch list for the future.
Other top-ranked stocks worth considering in this space include Take-Two Interactive Software Inc. (TTWO), Columbia Sportswear Company (COLM) and G-III Apparel Group, Ltd. (GIII). All these stocks carry a Zacks Rank #2 (Buy).
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GLU MOBILE INC (GLUU): Free Stock Analysis Report
TAKE-TWO INTERACT SOFTWARE (TTWO): Free Stock Analysis Report
COLUMBIA SPORTSWEAR CO (COLM): Free Stock Analysis Report
G III APPAREL GROUP INC (GIII): Free Stock Analysis Report
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