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Why Asure Software Inc (ASUR) Could Be Positioned for a Surge

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Asure Software Inc (ASUR - Free Report)  is an internet delivery services 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 ASUR’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 Asure Software could be a solid choice for investors.

Current Quarter Estimates for ASUR

In the past 30 days, one estimates has gone higher for Asure Software while none 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 11 cents today, a move of 57%.

Current Year Estimates for ASUR

Meanwhile, Asure Software’s current year figures are also looking quite promising, with one estimate 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 22 cents per share 30 days ago to 56 cents per share today, a significant increase.

Asure Software Inc Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 27.05% 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 #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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