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Why Everi Holdings (EVRI) Could Be Positioned for a Surge
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Everi Holdings Inc. (EVRI - Free Report) is a holding company operating in Business Services 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 EVRI’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 Everi Holdings could be a solid choice for investors.
Current Quarter Estimates for EVRI
In the past 30 days, two estimates have gone higher for Everi Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 14 cents a share 30 days ago, to a loss of 9 cents today, a move of 35.7%.
Current Year Estimates for EVRI
Meanwhile, Everi Holdings’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 46 cents per share 30 days ago to a loss of 28 cents per share today, an increase of 39.1%.
The stock has also started to move higher lately, adding 15.5% 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 seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Why Everi Holdings (EVRI) Could Be Positioned for a Surge
Everi Holdings Inc. (EVRI - Free Report) is a holding company operating in Business Services 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 EVRI’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 Everi Holdings could be a solid choice for investors.
Current Quarter Estimates for EVRI
In the past 30 days, two estimates have gone higher for Everi Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 14 cents a share 30 days ago, to a loss of 9 cents today, a move of 35.7%.
Current Year Estimates for EVRI
Meanwhile, Everi Holdings’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 46 cents per share 30 days ago to a loss of 28 cents per share today, an increase of 39.1%.
Everi Holdings Inc. Price and Consensus
Everi Holdings Inc. Price and Consensus | Everi Holdings Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 15.5% 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.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>