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Increased Earnings Estimates Seen for Liberty Media (LMCA): Can It Move Higher?
November 21, 2016

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The Liberty Media Group is a communications and entertainment businesses 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 LMCA’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 Liberty Media could be a solid choice for investors.

Current Quarter Estimates for LMCA

In the past 30 days, 1 estimate have gone higher for Liberty Media while none have gone lower in the same time period. The trend has been pretty favorable too, with loss estimates narrowing from 41 cents a share 30 days ago, to 34 cents today, a move of 17%.

Current Year Estimates for LMCA

Meanwhile, Liberty Media’s current year figures are also looking quite promising, with 1 estimate 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 $2.14 cents per share 30 days ago to $2.66 per share today, an increase of 24.3%.

LIBERTY MEDIA-A Price and Consensus

LIBERTY MEDIA-A Price and Consensus | LIBERTY MEDIA-A Quote

Bottom Line

The stock has also started to move higher lately, adding 26.7% 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 (Strong Buy) stocks here.

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