Youku Tudou Inc. (YOKU), the Internet television 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 YOKU’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Youku Tudou could be a solid choice for investors.
Current Quarter Estimates for YOKU
In the past 30 days, 1 estimate has gone higher for Youku Tudou while there is no downward estimates revision in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 23 cents a share 30 days ago, to a loss of 21 cents today.
Current Year Estimates for YOKU
Meanwhile, Youku Tudou’s current year figures are also looking quite promising, with 1 estimate moved higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, as estimates narrowing from a loss of 5 cents a share 30 days ago, to a loss of 4 cents today.
The stock has also started to move higher lately, adding 25% 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 #3 (Hold) stock to profit in the near future.
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YOUKU TUDOU INC (YOKU): Free Stock Analysis Report
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