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Surging Earnings Estimates Signal Good News for Match Group (MTCH)
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Match Group, Inc. (MTCH - Free Report) is an energy 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 MTCH’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 Match Group could be a solid choice for investors.
Current Quarter Estimates for MTCH
In the past 30 days, two estimate have gone higher for Match Group while one have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 23 cents a share 30 days ago, to 24 cents today, a move of 4.3%.
Current Year Estimates for MTCH
Meanwhile, Match Group’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 $1.17 a share 30 days ago, to $1.24 today, an increase of 6%.
The stock has also started to move higher lately, adding 12.3% 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.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Surging Earnings Estimates Signal Good News for Match Group (MTCH)
Match Group, Inc. (MTCH - Free Report) is an energy 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 MTCH’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 Match Group could be a solid choice for investors.
Current Quarter Estimates for MTCH
In the past 30 days, two estimate have gone higher for Match Group while one have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 23 cents a share 30 days ago, to 24 cents today, a move of 4.3%.
Current Year Estimates for MTCH
Meanwhile, Match Group’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 $1.17 a share 30 days ago, to $1.24 today, an increase of 6%.
Match Group, Inc. Price and Consensus
Match Group, Inc. Price and Consensus | Match Group, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 12.3% 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.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>