Sprint Corporation (S - Free Report) is a communications company offering a broad range of wireline and wireless products 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 S’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 Sprint could be a solid choice for investors.
Current Quarter Estimates for S
In the past 30 days, nine estimates have gone higher for Sprint while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 2 cents today, a move of 50%.
Current Year Estimates for S
Meanwhile, Sprint’s current year figures are also looking quite promising, with 13 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 a loss of 3 cents a share 30 days ago to earnings of 5 cents per share today, a significant increase.
The stock has also started to move higher lately, adding 7.7% 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 #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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