These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GLNG’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 Golar LNG could be a solid choice for investors.
Current Quarter Estimates for GLNG
In the past 30 days, 4 estimates moved up for Golar LNG but there was no downward revision. However, the consensus estimate trend has been pretty favourable, with loss estimates narrowing to a loss of 2 cents a share from a loss of 5 cents, a significant move.
Current Year Estimates for GLNG
Meanwhile, Golar LNG’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 20 cents per share 30 days ago to loss of 9 cents per share today, a significant move.
Bottom Line
The stock has also started to move higher lately, adding 6.6% 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 Golar LNG stock to profit in the near future.
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