Shenandoah Telecommunications Company SHEN is a provider of wireless personal communication services 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 SHEN’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 Shenandoah could be a solid choice for investors.
Current Quarter Estimates for SHEN
In the past 30 days, one estimate has gone higher for Shenandoah while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 26 cents a share 30 days ago, to 31 cents today, a move of 19.2%.
Current Year Estimates for SHEN
Meanwhile, Shenandoah’s current year figures are also looking quite promising, with one estimate 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 81 cents per share 30 days ago to 91 cents per share today, an increase of 12.3%.
Shenandoah Telecommunications Co Price and Consensus
Shenandoah Telecommunications Co Price and Consensus | Shenandoah Telecommunications Co Quote
The stock has also started to move higher lately, adding 10.4% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Shenandoah Telecommunications Co (SHEN) : Free Stock Analysis Report
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