Infinity Property and Casualty Corporation (IPCC - Free Report) is a car insurance provider 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 IPCC’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 Infinity could be a solid choice for investors.
Current Quarter Estimates for IPCC
In the past 30 days, 1 estimate has gone higher for Infinity while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from 70 cents a share 30 days ago, to 81 cents per share today, a move of 15.7%.
Current Year Estimates for IPCC
Meanwhile, Infinity’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 $3.98 per share 30 days ago to $4.33 per share today, an increase of 8.8%.
Infinity Property and Casualty Corporation Price and Consensus
The stock has also started to move higher lately, adding 9.7% 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 #3 (Hold) 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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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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