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Earnings Estimates Moving Higher for Heska (HSKA); Time to Buy?
November 17, 2016

HSKA

Trades from $3

Heska Corporation (HSKA - Free Report) is a veterinary products manufacturing and marketing company 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 HSKA’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 Heska could be a solid choice for investors.

Current Quarter Estimates for HSKA

In the past 30 days, 3 estimates have gone higher for Heska while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 30 cents a share 30 days ago, to 37 cents today, a move of 23.3%.

Current Year Estimates for HSKA

Meanwhile, Heska’s current year figures are also looking quite promising, with 4 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 $1.13 per share 30 days ago to $1.35 per share today, an increase of 19.5%.

HESKA CORP Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 22.4% 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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