Cincinnati Bell Inc. is a telephone company 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 CBB’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 Cincinnati Bell could be a solid choice for investors.

Current Quarter Estimates for CBB

In the past 30 days, 1 estimate has gone higher for Cincinnati Bell, while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a penny per share 30 days ago, to 2 cents per share today, a significant move.

Current Year Estimates for CBB

Meanwhile, Cincinnati Bell’s current year figures are also looking quite promising, with 2 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 6 cents per share 30 days ago to 7 cents per share today, an increase of 16.7%. 

Bottom Lne

The stock has also started to move higher lately, adding 6.2% 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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