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

AIRG

Trades from $3

Airgain, Inc.  (AIRG - Free Report) , a leading provider of embedded antenna technologies, 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 AIRG’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 Airgain could be a solid choice for investors.

Current Quarter Estimates for AIRG

In the past 30 days, 2 estimates have gone higher for Airgain while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 5 cents a share 30 days ago, to 9 cents today, a move of 80%.

Current Year Estimates for AIRG

Meanwhile, Airgain’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no lower estimates. The consensus estimate trend has also seen a boost for this time frame, increasing from 31 cents per share 30 days ago to 40 cents per share today, an increase of 29%.

AIRGAIN INC Price and Consensus

 

AIRGAIN INC Price and Consensus | AIRGAIN INC Quote

Bottom Line

The stock has also started to move higher lately, adding 39.5% 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 #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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