Oaktree Capital Group, LLC is a global investment manager 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 OAK’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 Oaktree could be a solid choice for investors.
Current Quarter Estimates for OAK
In the past 30 days, five estimates have gone higher for Oaktree while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 75 cents a share 30 days ago, to $1.24 today, a move of 65.3%.
Current Year Estimates for OAK
Meanwhile, Oaktree’s current year figures are also looking quite promising, with six 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 $2.98 per share 30 days ago to $3.31 per share today, an increase of 11.1%.
Bottom Line
The stock has also started to move higher lately, adding 6.3% 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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Why Oaktree (OAK) Could Be Positioned for a Surge
Oaktree Capital Group, LLC is a global investment manager 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 OAK’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 Oaktree could be a solid choice for investors.
Current Quarter Estimates for OAK
In the past 30 days, five estimates have gone higher for Oaktree while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 75 cents a share 30 days ago, to $1.24 today, a move of 65.3%.
Current Year Estimates for OAK
Meanwhile, Oaktree’s current year figures are also looking quite promising, with six 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 $2.98 per share 30 days ago to $3.31 per share today, an increase of 11.1%.
The stock has also started to move higher lately, adding 6.3% 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.
The Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Click here to see these breakthrough stocks now >>