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Surging Earnings Estimates Signal Good News for Pixelworks (PXLW)
June 05, 2014

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Pixelworks, Inc. (PXLW - Free Report) is a California based semiconductor and software developer 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 PXLW’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 Pixelworks could be a solid choice for investors.

Current Quarter Estimates for PXLW

In the past 30 days, 1 estimate has gone higher for Pixelworks while no estimate moved lower in the same time period. The trend has been pretty favorable too, with loss estimates narrowing down from 11 cents 30 days ago, to 9 cents today, a move of 18.2%.

Current Year Estimates for PXLW

Meanwhile, Pixelworks’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none moving lower. The loss estimate trend has also seen a boost for this time frame, narrowing down from 16 cents per share 30 days ago to 11 cents per share today, an improvement of 31.25%.

Bottom Line

The stock has also started to move higher lately, adding 31.04% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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