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Why Gaia (GAIA) Could Be Positioned for a Surge

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Gaia, Inc. (GAIA - Free Report) is a global digital video subscription service 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 GAIA’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 Gaia could be a solid choice for investors.

Current Quarter Estimates for GAIA

In the past 30 days, one estimate has gone higher for Gaia while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates moving from a loss of 2 cents a share 30 days ago, to earnings of 1 cent today, a significant increase.

Current Year Estimates for GAIA

Meanwhile, Gaia’s current year figures are also looking quite promising, with three 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 5 cents per share 30 days ago to 12 cents per share today, an increase of 140%.

Gaia, Inc. Price and Consensus

Gaia, Inc. Price and Consensus

Gaia, Inc. price-consensus-chart | Gaia, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 17.4% 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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