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Surging Earnings Estimates Signal Good News for Sequans Communications (SQNS)

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Sequans Communications S.A. SQNS is a developer and supplier of  4G   semiconductor 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 SQNS’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 Sequans Communications could be a solid choice for investors. 

Current Quarter Estimates for SQNS

In the past 30 days, one estimate has gone higher for Sequans Communications while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 30 cents a share 30 days ago, to a loss of 23 cents today, a move of 23.3%.

Current Year Estimates for SQNS

Meanwhile, Sequans Communications’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 94 cents per share 30 days ago to a loss of 73 cents per share today, an increase of 22.3%.  

Sequans Communications S.A. Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 14.3% 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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