Adesto Technologies Corporation (IOTS - Free Report) is a provider of application-specific and ultra-low power non-volatile memory products, which 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 IOTS’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 Adesto Technologies could be a solid choice for investors.
Current Quarter Estimates for IOTS
In the past 30 days, one estimate have gone higher for Adesto Technologies while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 1 cent today, a move of 75%.
Current Year Estimates for IOTS
Meanwhile, Adesto Technologies’ 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 22 cents per share 30 days ago to a loss of 14 cents per share today, an increase of 36.4%.
The stock has also started to move higher lately, 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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