These positive earnings estimate revisions suggest that analysts are becoming more optimistic on DMD’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 Demand Media could be a solid choice for investors.
Current Quarter Estimates for DMD
In the past 30 days, there has been no estimate revision in either direction. However, the consensus estimate trend has been pretty favourable, with loss estimates narrowing to a loss of 20 cents a share from a loss of 28 cents, a significant move.
Current Year Estimates for DMD
Meanwhile, Demand Media’s current year figures are also looking quite promising. Though no estimates moved higher in the past month, the consensus estimate trend has also seen a boost for this time frame, loss estimates narrowing from loss of $1.03 per share 30 days ago to loss of 91 cents per share today, a significant move.
Bottom Line
The stock has also started to move higher lately, adding 11.7% 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 Demand Media 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 >>
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