Tech Data Corporation is a leading provider of internet technology products, logistics management and other value-added services, which could be an interesting play for investors. This 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 TECD’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 Tech Data could be a solid choice for investors.
Current Quarter Estimates for TECD
In the past 30 days, three estimates have gone higher for Tech Data while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.08 a share 30 days ago, to $1.37 today, a move of 26.9%.
Current Year Estimates for TECD
Meanwhile, Tech Data’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $6.29 per share 30 days ago to $9.27 per share today, an increase of 47.4%.
Tech Data Corporation Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 9.3% 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. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' 2017 IPO Watch List
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One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
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Earnings Estimates Moving Higher for Tech Data (TECD): Time to Buy?
Tech Data Corporation is a leading provider of internet technology products, logistics management and other value-added services, which could be an interesting play for investors. This 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 TECD’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 Tech Data could be a solid choice for investors.
Current Quarter Estimates for TECD
In the past 30 days, three estimates have gone higher for Tech Data while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.08 a share 30 days ago, to $1.37 today, a move of 26.9%.
Current Year Estimates for TECD
Meanwhile, Tech Data’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $6.29 per share 30 days ago to $9.27 per share today, an increase of 47.4%.
Tech Data Corporation Price and Consensus
Tech Data Corporation Price and Consensus | Tech Data Corporation Quote
Bottom Line
The stock has also started to move higher lately, adding 9.3% 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. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>