These positive earnings estimate revisions suggest that analysts are becoming more optimistic on WTI’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 W&T Offshore could be a solid choice for investors.
Current Quarter Estimates for WTI
In the past 30 days, 2 estimates have gone higher for W&T Offshore while 1 estimate moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 15 cents per share 30 days ago, to 19 cents per share today, a move of 26.7%.
Current Year Estimates for WTI
Meanwhile, W&T Offshore’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to 1 estimate moving lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 62 cents per share 30 days ago to 79 cents per share today, an increase of 27.4%.
Bottom Line
The stock has also started to move higher lately, adding 6.9% 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment