These positive earnings estimate revisions suggest that analysts are becoming more optimistic on IDCC’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 InterDigital could be a solid choice for investors.
Current Quarter Estimates for IDCC
In the past 30 days, 1 estimate has gone higher for InterDigital while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 16 cents a share 30 days ago, to a loss of 6 cents today, a move of 37.5%.
Current Year Estimates for IDCC
Meanwhile, InterDigital’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none moving lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 62 cents per share 30 days ago to a loss a 49 cents per share today, an increase of 79.3%.
Bottom Line
The stock has also started to move higher lately, adding 9.2% 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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