Career Education Corp. (CECO) is an Illinois based company which provides private education through schools and universities and 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 CECO’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 Career Education could be a solid choice for investors.
Current Quarter Estimates for CECO
In the past 30 days, 2 estimates has gone higher for Career Education while no estimate moved lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from earnings loss of 29 cents a share 30 days ago, to loss of 21 cents today, a move of 27.6%.
Current Year Estimates for CECO
Meanwhile, Career Education’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none moving lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from earnings loss of $1.05 per share 30 days ago to loss of 90 cents per share today, an improvement of 14.3%.
The stock has also started to move higher lately, adding 29.28% 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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CAREER EDUCATION CP (CECO): Free Stock Analysis Report
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