Comtech Telecommunications Corp. (CMTL - Free Report) designs, develops, produces, and markets products, systems, and services for communications 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 CMTL’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 Comtech could be a solid choice for investors.
Current Quarter Estimates for CMTL
In the past 30 days, three estimates have gone higher for Comtech while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 9 cents a share 30 days ago, to a loss of 7 cents today, a move of 22.2%.
Current Year Estimates for CMTL
Meanwhile, Comtech current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 39 cents per share 30 days ago to 44 cents per share today, an increase of 12.8%.
Comtech Telecommunications Corp. Price and Consensus