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Why Guidance Software (GUID) Could Be Positioned for a Surge

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Guidance Software, Inc. is a leading provider of software solutions for digital investigations 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 GUID’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 Guidance could be a solid choice for investors.

Current Quarter Estimates for GUID

In the past 30 days, 2 estimates have gone higher for Guidance while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from a loss of 10 cents a share 30 days ago, to a loss of 4 cents per share today, a significant move.

Current Year Estimates for GUID

Meanwhile, Guidance’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, rising from a loss of 50 cents per share 30 days ago to a loss of 43 cents per share today, an increase of 16.3%.

GUIDANCE SOFTWR Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 14.9% 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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