Why Arlington Asset (AI) Could Be Positioned for a Surge?

Zacks

Arlington Asset Investment Corp. (AI) is a financial 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 AI’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 Arlington Asset could be a solid choice for investors.
 
Current Quarter Estimates for AI
 
In the past 30 days, 1 estimate has gone higher for Arlington Asset with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from 67 cents a share 30 days ago, to $1.01 today, a move of 50.7%.
 
Current Year Estimates for AI
 
Meanwhile, Arlington Asset’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from $3.25 per share 30 days ago to $4.24 per share today, an increase of 30.5%.
 
Bottom Line
 
The stock has also started to move higher lately, adding 5.2% 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 #1 (Strong Buy) stock to profit in the near future.
 
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ARLINGTON ASSET INVESTMENT CORP (AI): Free Stock Analysis Report


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