Here's Why j2 Global (JCOM) Stock is a Strong Buy Right Now

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On Aug 25, 2018, j2 Global was upgraded to Zacks Rank #1 (Strong Buy). The upgrade reflects positive earnings estimate revisions as well as solid top-line growth.

Moreover, the Zacks Consensus Estimate for third-quarter 2018 earnings increased 2% to $1.5 per share over the last 30 days. For 2018, the consensus estimate increased 2.6% to $6.23 per share over the same time frame.

Notably, j2 Global beat the Zacks Consensus Estimate for earnings in two out of the trailing four quarters, with an average beat of 1.2%. Further, the company has a long-term expected EPS growth rate of 8%.

Notably, j2 Global reported impressive second-quarter 2018 results. Adjusted earnings beat the Zacks Consensus Estimate by 8 cents and increased 12.8% from the year-ago quarter to $1.50 per share. Revenues came in at $287.9 million, up 5.8% year over year.

 

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