Back to top

Image: Bigstock

Why Turtle Beach (HEAR) Could Be Positioned for a Surge

Read MoreHide Full Article

Turtle Beach Corporation (HEAR - Free Report) is a leading gaming audio and accessory provider 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 HEAR’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 Turtle Beach could be a solid choice for investors.

Current Quarter Estimates for HEAR

In the past 30 days, two estimates have gone higher for Turtle Beach while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates moving from a loss of 29 cents a share 30 days ago, to earnings of 29 cents today, a significant increase.

Current Year Estimates for HEAR

Meanwhile, Turtle Beach’s current year figures are also looking quite promising, with two 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 a cent per share 30 days ago to 56 cents per share today, a significant increase.

Bottom Line

The stock has also started to move higher lately, adding 57.3% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Turtle Beach Corporation (HEAR) - free report >>

Published in