Cincinnati Bell Inc. provides diversified telecommunications and technology services 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 CBB’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 Cincinnati Bell could be a solid choice for investors.
Current Quarter Estimates for CBB
In the past 30 days, one estimate has gone higher for Cincinnati Bell while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 3 cents a share 30 days ago, to 9 cents today, a move of 200%.
Current Year Estimates for CBB
Meanwhile, Cincinnati Bell’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 13 cents per share 30 days ago to 24 cents per share today, an increase of 84.6%.
Bottom Line
The stock has also started to move higher lately, adding 7.5% 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 #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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Why Cincinnati Bell (CBB) Could Be Positioned for a Surge
Cincinnati Bell Inc. provides diversified telecommunications and technology services 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 CBB’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 Cincinnati Bell could be a solid choice for investors.
Current Quarter Estimates for CBB
In the past 30 days, one estimate has gone higher for Cincinnati Bell while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 3 cents a share 30 days ago, to 9 cents today, a move of 200%.
Current Year Estimates for CBB
Meanwhile, Cincinnati Bell’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 13 cents per share 30 days ago to 24 cents per share today, an increase of 84.6%.
Cincinnati Bell Inc Price and Consensus
Cincinnati Bell Inc Price and Consensus | Cincinnati Bell Inc Quote
Bottom Line
The stock has also started to move higher lately, adding 7.5% 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 #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.
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 >>