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Earnings Estimates Moving Higher for Greenlight Capital (GLRE): Time to Buy?
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Greenlight Capital Re, Ltd. (GLRE - Free Report) is a specialist property and casualty reinsurance 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 GLRE’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 Greenlight Capital could be a solid choice for investors.
Current Quarter Estimates for GLRE
In the past 30 days, 1 estimate has gone higher for Greenlight Capital while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from 82 cents a share 30 days ago, to $1.16 per share today, a move of 41.5%.
Current Year Estimates for GLRE
Meanwhile, Greenlight Capital’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, rising from 70 cents per share 30 days ago to $1.05 per share today, an increase of 50%.
The stock has also started to move higher lately, adding 4.7% 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 #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.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Earnings Estimates Moving Higher for Greenlight Capital (GLRE): Time to Buy?
Greenlight Capital Re, Ltd. (GLRE - Free Report) is a specialist property and casualty reinsurance 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 GLRE’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 Greenlight Capital could be a solid choice for investors.
Current Quarter Estimates for GLRE
In the past 30 days, 1 estimate has gone higher for Greenlight Capital while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from 82 cents a share 30 days ago, to $1.16 per share today, a move of 41.5%.
Current Year Estimates for GLRE
Meanwhile, Greenlight Capital’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, rising from 70 cents per share 30 days ago to $1.05 per share today, an increase of 50%.
GREENLIGHT CAP Price and Consensus
GREENLIGHT CAP Price and Consensus | GREENLIGHT CAP Quote
Bottom Line
The stock has also started to move higher lately, adding 4.7% 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 #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.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>