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Can Care.com (CRCM) Run Higher on Strong Earnings Estimate Revisions?
November 10, 2017

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Care.com, Inc. (CRCM - Free Report) is an online marketplace for family care and 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 CRCM’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 Care.com could be a solid choice for investors.

Current Quarter Estimates for CRCM

In the past 30 days, three estimates have gone higher for Care.com while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 14 cents a share 30 days ago, to 17 cents today, a move of 21.4%.

Current Year Estimates for CRCM

Meanwhile, Care.com current year figures are also looking quite promising, with five estimates 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 41 cents per share 30 days ago to 53 cents per share today, an increase of 29.3%.

Care.com, Inc. Price and Consensus

Care.com, Inc. Price and Consensus | Care.com, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 11.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may 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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