Niska Gas Storage Partners LLC (NKA) is a gas utilities company 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 NKA’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 Niska Gas Storage Partners could be a solid choice for investors.
Current Quarter Estimates for NKA
In the past 30 days, 4 estimates moved up for Niska Gas Storage Partners but there was 1 downward revision. However, the consensus estimate trend has been pretty favourable, with estimates increasing from 67 cents a share 30 days ago, to 88 cents today, a move of 31.3%.
Current Year Estimates for NKA
Meanwhile, Niska Gas Storage Partners’ current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 27 cents per share 30 days ago to 56 cents per share today, an increase of 107.4 %.
The stock has also started to move higher lately, adding 5.1% 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 #3 Niska Gas Storage Partners stock to profit in the near future.
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