Surging Earnings Estimates Signal Good News for Vitesse (VTSS)

Zacks

Vitesse Semiconductor Corp. (VTSS), the developer of semiconductor products, 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 VTSS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Vitesse could be a solid choice for investors.

Current Quarter Estimates for VTSS

In the past 30 days, Vitesse has not seen any estimates revisions while consensus improved from a loss of 6 cents per share to a loss of 5 cents today.

Current Year Estimates for VTSS

Meanwhile, for current year estimates Vitesse has not seen any trend in the past month. While the consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 16 cents per share to a loss of 12 cents today.

Bottom Line

The stock has also started to move higher lately, adding 22% 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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VITESSE SEMICONDUCTOR CORP (VTSS): Free Stock Analysis Report


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