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Earnings Estimates Moving Higher for Monolithic Power Systems (MPWR): Time to Buy?

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Monolithic Power Systems, Inc. (MPWR - Free Report) is a company that provides semiconductor solutions and power delivery architectures 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 MPWR’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 Monolithic Power Systems could be a solid choice for investors.

Current Quarter Estimates for MPWR

In the past 30 days, 1 estimate has gone higher for Monolithic Power Systems with no downward movement in the same time period. The trend has been pretty favorable too, with estimates increasing from 29 cents a share 30 days ago, to 32 cents today, a move of 10.3%.

Current Year Estimates for MPWR

Meanwhile, Monolithic Power Systems’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward movement. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.29 per share 30 days ago to $1.41 per share today, an increase of 9.3%.

Bottom Line

The stock has also started to move higher lately, adding 6% 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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