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Earnings Estimates Moving Higher for DigitalGlobe (DGI): Time to Buy?
November 16, 2016

DGI

Trades from $3

DigitalGlobe, Inc. (DGI - Free Report) provides earth-imagery products and 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 DGI’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 DigitalGlobe could be a solid choice for investors.

Current Quarter Estimates for DGI

In the past 30 days, 3 estimates have gone higher for DigitalGlobe while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 6 cents a share 30 days ago, to 9 cents today, a move of 50%.  

Current Year Estimates for DGI

Meanwhile, DigitalGlobe’s current year figures are also looking quite promising, with 3 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 41 cents per share 30 days ago to 59 cents per share today, an increase of 43.9%.  

DIGITALGLOBE Price and Consensus

 

DIGITALGLOBE Price and Consensus | DIGITALGLOBE Quote

Bottom Line

The stock has also started to move higher lately, adding 13.5% 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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