Surging Earnings Estimates Signal Good News for SINA Corporation (SINA)
SINA Corporation (SINA) is an Internet Content company 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 SINA’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 SINA Corporation could be a solid choice for investors.
Current Quarter Estimates for SINA
In the past 30 days, the trend has been pretty favorable, with estimates increasing from 9 cents a share 30 days ago, to 14 cents today, a move of 55.6%.
Current Year Estimates for SINA
Meanwhile, SINA Corporation’s current year figures are also looking quite promising as the consensus estimate trend has seen a boost for this time frame, increasing from 25 cents per share 30 days ago to 47 cents per share today, an increase of 88.0%.
Bottom Line
The stock has also started to move higher lately, adding 5.9% 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 #2 (Buy) stock to profit in the near future.
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SINA CORP (SINA): Free Stock Analysis Report
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