Amphastar Pharmaceuticals, Inc. (AMPH Quick QuoteAMPH - Free Report) is a Generic Drug 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 AMPH’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 Amphastar Pharmaceuticals could be a solid choice for investors.

Current Quarter Estimates for AMPH

In the past 30 days, 1 estimate has gone higher for Amphastar Pharmaceuticals with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 1 cent a share 30 days ago, to earnings of 8 cents today, making a considerable move.

Current Year Estimates for AMPH

Meanwhile, Amphastar Pharmaceuticals‘ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from 5 cents per share 30 days ago to 22 cents per share today, making a significant increase.

Bottom Line

The stock has also started to move higher lately, adding 5.3% 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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