CardConnect Corp. , a provider of payment processing and technology solutions, 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 CCN’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 CardConnect could be a solid choice for investors.
Current Quarter Estimates for CCN
In the past 30 days, 1 estimate have gone higher for CardConnect while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 7 cents a share 30 days ago, to 10 cents today, a move of 42.9%.
Current Year Estimates for CCN
Meanwhile, CardConnect’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower estimates. The consensus estimate trend has also seen a boost for this time frame, increasing from 26 cents per share 30 days ago to 32 cents per share today, an increase of 23.1%.
Bottom Line
The stock has also started to move higher lately, adding 32.5% 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. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
Image: Bigstock
Earnings Estimates Moving Higher for CardConnect (CCN): Time to Buy?
CardConnect Corp. , a provider of payment processing and technology solutions, 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 CCN’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 CardConnect could be a solid choice for investors.
Current Quarter Estimates for CCN
In the past 30 days, 1 estimate have gone higher for CardConnect while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 7 cents a share 30 days ago, to 10 cents today, a move of 42.9%.
Current Year Estimates for CCN
Meanwhile, CardConnect’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower estimates. The consensus estimate trend has also seen a boost for this time frame, increasing from 26 cents per share 30 days ago to 32 cents per share today, an increase of 23.1%.
CARDCONNECT CP Price and Consensus
CARDCONNECT CP Price and Consensus | CARDCONNECT CP Quote
Bottom Line
The stock has also started to move higher lately, adding 32.5% 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. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>