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Tale of the Tape

Zacks Equity Research

Why Actua Corporation (ACTA) Could Be Positioned for a Surge
November 14, 2016

ACTA

Trades from $3

Actua Corporation (ACTA - Free Report) , a publicly traded venture capital firm, 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 ACTA’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 Actua Corporation could be a solid choice for investors.

Current Quarter Estimates for ACTA

In the past 30 days, 1 estimate have gone higher for Actua Corporation while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 19 cents a share 30 days ago, to a loss of 17 cents today, a move of 10.5%.

Current Year Estimates for ACTA

Meanwhile, Actua Corporation’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower estimates. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 87 cents per share 30 days ago to 74 cents per share today, an increase of 14.9%.

ACTUA CORP Price and Consensus

 

ACTUA CORP Price and Consensus | ACTUA CORP Quote

Bottom Line

The stock has also started to move higher lately, adding 14.4% 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 #2 (Buy) 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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