Surging Earnings Estimates Signal Good News for E-House (China) Holdings (EJ) - Tale of the Tape

Zacks Equity Research
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E-House (China) Holdings Limited (EJ) is a real estate services 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 EJ’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 E-House (China) Holdings could be a solid choice for investors.

Current Quarter Estimates for EJ

In the past 30 days, 1 estimate has gone higher for E-House (China) Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 1 cent today, a move of 75%.

Current Year Estimates for EJ

Meanwhile, E-House (China) Holdings’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, improving from a loss of 5 cents per share 30 days ago to earnings of 12 cents per share today.

Bottom Line

The stock has also started to move higher lately, adding 6.1% 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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