Global Cash Access Holdings, Inc. (GCA) is a miscellaneous financial services industry stock that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GCA’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 Global Cash Access Holdings could be a solid choice for investors.
Current Quarter Estimates for GCA
In the past 30 days, 1 estimate has gone higher for Global Cash Access Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 21 cents a share 30 days ago, to 25 cents today, a move of 19%.
Current Year Estimates for GCA
Meanwhile, Global Cash Access Holdings’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 82 cents per share 30 days ago to 91 cents per share today, an increase of 11%.
Bottom Line
The stock has also started to move higher lately, adding 7.9% 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 #1 (Strong Buy) stock to profit in the near future.
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