Tessera Technologies Inc. (TSRA) is an electronics 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 TSRA’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 Tessera could be a solid choice for investors.
Current Quarter Estimates for TSRA
In the past 30 days, 1 estimate has gone higher for Tessera with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 13 cents per share 30 days ago, to earnings of 50 cents a share today, a significant move.
Current Year Estimates for TSRA
Meanwhile, Tessera’s current year figures have seen 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 46 cents per share 30 days ago to $1.57 per share today, an increase of 241.3%.
The stock has also started to move higher lately, adding 21.0% 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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