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Can QAD (QADA) Run Higher on Strong Earnings Estimate Revisions?

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QAD Inc. (QADA - Free Report) is a leading provider of flexible, cloud-based and on-premises enterprise software and services 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 QADA’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 QAD could be a solid choice for investors.

Current Quarter Estimates for QADA

In the past 30 days, two estimates have gone higher for QAD while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 11 cents a share 30 days ago, to 13 cents today, a move of 18.2%.

Current Year Estimates for QADA

Meanwhile, QAD’s current year figures are also looking quite promising, with three 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 46 cents per share 30 days ago to 63 cents per share today, an increase of 37%.

QAD Inc. Price and Consensus

QAD Inc. Price and Consensus | QAD Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 16.7% 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 #3 (Hold) 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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