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Surging Earnings Estimates Signal Good News for Sito (SITO)
October 14, 2016

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Sito Mobile Ltd. (SITO - Free Report) is a mobile location-based advertising platform 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 SITO’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 Sito Mobile could be a solid choice for investors.

Current Quarter Estimates for SITO

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

Current Year Estimates for SITO

Meanwhile, Sito Mobile’s current year figures are also looking quite promising, with 1 estimate 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 a loss of 4 cents per share 30 days ago to earnings of 4 cents per share today.

SITO MOBILE LTD Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 10.4% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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