Fairpoint Communications, Inc. FRP is a company in the Wireless – Non U.S. space 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 FRP’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 Fairpoint Communications could be a solid choice for investors.
Current Quarter Estimates for FRP
In the past 30 days, 1 estimate has gone higher for Fairpoint Communications while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates moving from a loss of 54 cents a share 30 days ago, to earnings of $1.25 per share today.
Current Year Estimates for FRP
Meanwhile, Fairpoint Communications’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, moving from a loss of $1.34 per share 30 days ago to earnings of $3.02 per share today.
The stock has also started to move higher lately, adding 9.1% 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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FAIRPOINT COMM (FRP): Free Stock Analysis Report
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