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Tale of the Tape

Datawatch Corporation , a business computer software products company, 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 DWCH’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 Datawatch Corporation could be a solid choice for investors.

Current Quarter Estimates for DWCH

In the past 30 days, 1 estimate has gone higher for Datawatch Corporation while no estimate moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 22 cents a share 30 days ago to 7 cents today, a move of 131.8%.

Current Year Estimates for DWCH

Meanwhile, Datawatch Corporation’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no estimates moving lower. The consensus estimate trend has also seen a boost for this time frame, improving from a loss of 72 cents per share 30 days ago to 21 cents per share today, an increase of 129.2%.

Bottom Line

The stock has also started to move higher lately, adding 8.2% 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 #2 (Buy) stock to profit in the near future.

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