Nova Measuring Instruments Ltd. (NVMI) is an Electronics company 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 NVMI’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 Nova Measuring Instruments could be a solid choice for investors.
Current Quarter Estimates for NVMI
In the past 30 days, 1 estimate has gone higher for Nova Measuring Instruments with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 11 cents per share 30 days ago, to 19 cents a share today, a move of 72.7%.
Current Year Estimates for NVMI
Meanwhile, Nova Measuring Instruments’ current year figures have seen 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 68 cents per share 30 days ago to 76 cents per share today, an increase of 11.8%.
Bottom Line
The stock has also started to move higher lately, adding 5.4% 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 #2 (Buy) stock to profit in the near future.
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