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Can Pernix Group (PRXG) Run Higher on Strong Earnings Estimate Revisions?

Zacks Equity Research

Pernix Group Inc (PRXG) is a construction services provider 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 PRXG’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 Pernix Group could be a solid choice for investors.  

Current Quarter Estimates for PRXG

In the past 30 days, 1 estimate has gone higher for Pernix Group while none have moved lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 5 cents a share 30 days ago, to break even point today.

Current Year Estimates for PRXG

Meanwhile, Pernix Group’s current year figures are also looking quite promising, with 1 estimate 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 a loss of 2 cents per share 30 days ago to earnings of 6 cents per share today.

Bottom Line

The stock has also started to move higher lately and has seen a significant uptrend in recent days, 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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PERNIX GROUP INC (PRXG): Free Stock Analysis Report

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