Advertisement
U.S. markets close in 2 hours 35 minutes
  • S&P 500

    5,249.92
    +1.43 (+0.03%)
     
  • Dow 30

    39,756.24
    -3.84 (-0.01%)
     
  • Nasdaq

    16,371.13
    -28.39 (-0.17%)
     
  • Russell 2000

    2,127.78
    +13.43 (+0.64%)
     
  • Crude Oil

    82.78
    +1.43 (+1.76%)
     
  • Gold

    2,239.50
    +26.80 (+1.21%)
     
  • Silver

    24.92
    +0.17 (+0.68%)
     
  • EUR/USD

    1.0800
    -0.0029 (-0.27%)
     
  • 10-Yr Bond

    4.1980
    +0.0020 (+0.05%)
     
  • GBP/USD

    1.2627
    -0.0011 (-0.09%)
     
  • USD/JPY

    151.3580
    +0.1120 (+0.07%)
     
  • Bitcoin USD

    70,498.56
    +1,281.44 (+1.85%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Can Care.com (CRCM) Run Higher on Strong Earnings Estimate Revisions?

Care.com, Inc. CRCM is an online marketplace for family care 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 CRCM’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 Care.com could be a solid choice for investors.

Current Quarter Estimates for CRCM

In the past 30 days, three estimates have gone higher for Care.com while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 14 cents a share 30 days ago, to 17 cents today, a move of 21.4%.

Current Year Estimates for CRCM

Meanwhile, Care.com current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 41 cents per share 30 days ago to 53 cents per share today, an increase of 29.3%.

Care.com, Inc. Price and Consensus

Care.com, Inc. Price and Consensus | Care.com, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 11.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Care.com, Inc. (CRCM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement