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Increased Earnings Estimates Seen for Alpha & Omega (AOSL): Can It Move Higher?

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Alpha & Omega Semiconductor, Ltd. (AOSL - Free Report) is a semiconductor 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 AOSL’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 Alpha & Omega could be a solid choice for investors.

Current Quarter Estimates for AOSL

In the past 30 days, 3 estimates have gone higher for Alpha & Omega with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from 2 cents a share 30 days ago, to 5 cents today, making a significant move.

Current Year Estimates for AOSL

Meanwhile, Alpha & Omega‘s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 5 cents per share 30 days ago to earnings of 7 cents per share today, making a considerable increase.

ALPHA&OMEGA SEM Price and Consensus

 

ALPHA&OMEGA SEM Price and Consensus | ALPHA&OMEGA SEM Quote

Bottom Line

The stock has also started to move higher lately, adding 34% 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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