Infineon Technologies AG (IFNNY), a semiconductor company, 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 IFNNY’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Infineon could be a solid choice for investors.
Current Quarter Estimates for IFNNY
In the past 30 days, 2 estimates have gone higher for Infineon while there was no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 52 cents a share 30 days ago, to 59 cents per share today, a move of 13.5%.
Current Year Estimates for IFNNY
Meanwhile, Infineon’s current year figures are also looking quite promising, with 1 estimate moved higher in the past month, compared to o downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 14 cents per share 30 days ago to 17 cents per share today, an increase of 21.4%.
The stock has also started to move higher lately, adding 7.8% 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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INFINEON TECH ADS (IFNNY): Free Stock Analysis Report
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