Five9, Inc. (FIVN - Free Report) is a leading provider of cloud software for contact centers 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 FIVN’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 Five9 could be a solid choice for investors.
Current Quarter Estimates for FIVN
In the past 30 days, three estimates have gone higher for Five9 while none have 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 FIVN
Meanwhile, Five9’s current year figures are also looking quite promising, with eight 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 56 cents per share 30 days ago to 63 cents per share today, an increase of 12.5%.
The stock has also started to move higher lately, adding 14.5% 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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