Salesforce.com Inc (CRM Quick QuoteCRM - Free Report) , which develops enterprise cloud computing solutions, 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 CRM’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 Salesforce.com could be a solid choice for investors.

Current Quarter Estimates for CRM

In the past 30 days, 15 estimates have gone higher for Salesforce.com while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 37 cents a share 30 days ago, to 44 cents today, a move of 18.9%.

Current Year Estimates for CRM

Meanwhile, Salesforce.com current year figures are also looking quite promising, with 19 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 $1.71 per share 30 days ago to $2.40 per share today, an increase of 40.4%.

Salesforce.com Inc Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 11.4% 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.

(We are reissuing this article to correct a mistake. The original article, issued on March 19, 2018, should no longer be relied upon.)