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Can Fidus (FDUS) Run Higher on Strong Earnings Estimate Revisions?

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Fidus Investment Corporation (FDUS - Free Report) is a provider of customized debt and equity financing solutions to lower middle-market companies 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 FDUS’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 two months, suggesting that Fidus could be a solid choice for investors.

Current Quarter Estimates for FDUS

In the past 60 days, four estimates have gone higher for Fidus while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 30 cents a share 60 days ago, to 34 cents today, a move of 13.3%.

Current Year Estimates for FDUS

Meanwhile, Fidus’s current year figures are also looking quite promising, with five 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 $1.25 per share 60 days ago to $1.39 per share today, an increase of 11.2%.

Bottom Line

The stock has also started to move higher lately, adding 16.6% 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 #2 (Buy) 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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