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Why Electro Scientific (ESIO) Could Be Positioned for a Surge
November 14, 2017

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Electro Scientific Industries, Inc. (ESIO - Free Report) is a laser-based microfabrication solutions 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 ESIO’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 ESIO International could be a solid choice for investors.

Current Quarter Estimates for ESIO

In the past 30 days, one estimate has gone higher for Electro Scientificwhile none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from zero cent a share 30 days ago, to 55 cents a share today.

Current Year Estimates for ESIO

Meanwhile, Electro Scientific’scurrent 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, increasing from 80 cents per share 30 days ago to $1.82 per share today, an increase of 127.5%.

Electro Scientific Industries, Inc. Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 55.9% 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 (Strong Buy) Rank stocks here.

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