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SouFun (SFUN) Surges: Why It Still Has Room to Run?

Zacks Equity Research

One company that should be on your radar is SouFun Holdings Ltd. (SFUN). The stock of this Business Services company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For SFUN’s full year estimate, we have seen 2 estimates go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from $3.82 a share a month ago to its current level at $4.12 per share.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, SFUN has seen some pretty solid trading lately, as the company has moved higher by 13.3 % in the past month.

If SouFun can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put SFUN on your watch list for the future.

Other top-ranked stocks worth considering in this space include ExamWorks Group, Inc. (EXAM), Viad Corp (VVI) and Rentrak Corporation (RENT). All these carry a Zacks Rank #2(Buy).

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SOUFUN HOLDINGS LTD (SFUN): Free Stock Analysis Report

RENTRAK CP (RENT): Free Stock Analysis Report

EXAMWORKS GROUP INC (EXAM): Free Stock Analysis Report

VIAD CORP (VVI): Free Stock Analysis Report

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