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Can NII Holdings (NIHD) Run Higher on Strong Earnings Estimate Revisions?

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NII Holdings Inc. is a provider of differentiated mobile communications services 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 NIHD’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 NII Holdings could be a solid choice for investors.

Current Quarter Estimates for NIHD

The trend has been pretty favorable too, with estimates narrowing from a loss of 44 cents a share 30 days ago, to a loss of 41 cents today.

Current Year Estimates for NIHD

The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.41 per share 30 days ago to a loss of $1.29 per share today.

NII HOLDINGS Price and Consensus


NII HOLDINGS Price and Consensus | NII HOLDINGS Quote

Bottom Line

The stock has also started to move higher lately, adding 6% 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 #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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