These positive earnings estimate revisions suggest that analysts are becoming more optimistic on RTIX’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 RTI Surgical could be a solid choice for investors.
Current Quarter Estimates for RTIX
In the past 30 days, 1 estimate has gone higher for RTI Surgical while none moved lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 1 cent a share 30 days ago to 0 cent today, a significant move.
Current Year Estimates for RTIX
Meanwhile, RTI Surgical’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 5 cents per share 30 days ago to 6 cents per share today, an increase of 20%.
Bottom Line
The stock has also started to move higher lately, adding 16.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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