These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SWIR’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 Sierra Wireless could be a solid choice for investors.
Current Quarter Estimates for SWIR
In the past 30 days, 1 estimate moved up for Sierra Wireless but there was no downward revision. The consensus estimate trend has been pretty favourable, with estimates moving to a profit of 9 cents a share from a loss of 1 cent, a significant move.
Current Year Estimates for SWIR
Meanwhile, Sierra Wireless’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, narrowing from loss of 44 cents a share 30 days ago to loss of 39 cents per share today, a significant move.
Bottom Line
The stock has also started to move higher lately, adding 38% 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 Sierra Wireless stock to profit in the near future.
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