LATAM Airlines Group S.A. is a provider of passenger and cargo air 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 LTM’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 LATAM Airlines could be a solid choice for investors.
Current Quarter Estimates for LTM
In the past 30 days, two estimates have gone higher for LATAM Airlines while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 20 cents a share 30 days ago, to 24 cents today, a move of 20%.
Current Year Estimates for LTM
Meanwhile, LATAM Airlines’ current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 25 cents a share 30 days ago to 30 cents today, an increase of 20%.
LATAM Airlines Group S.A. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 7.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may 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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Earnings Estimates Moving Higher for LATAM Airlines (LTM): Time to Buy?
LATAM Airlines Group S.A. is a provider of passenger and cargo air 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 LTM’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 LATAM Airlines could be a solid choice for investors.
Current Quarter Estimates for LTM
In the past 30 days, two estimates have gone higher for LATAM Airlines while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 20 cents a share 30 days ago, to 24 cents today, a move of 20%.
Current Year Estimates for LTM
Meanwhile, LATAM Airlines’ current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 25 cents a share 30 days ago to 30 cents today, an increase of 20%.
LATAM Airlines Group S.A. Price and Consensus
LATAM Airlines Group S.A. Price and Consensus | LATAM Airlines Group S.A. Quote
Bottom Line
The stock has also started to move higher lately, adding 7.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may 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.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>