Diana Containerships Inc. (DCIX) is a global provider of shipping transportation services 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 Diana’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 Diana Containerships could be a solid choice for investors.
Current Quarter Estimates for DCIX
In the past 30 days, 2 estimates have gone higher for Diana Containerships while none have gone lower in the same time period. The trend has been pretty favorable too, with loss estimates narrowing from a penny a share 30 days ago, to breakeven per share today.
Current Year Estimates for DCIX
Meanwhile, Diana Containerships’ current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to 0 lower. The consensus estimate for loss trend has also seen a boost for this time frame, narrowing from 8 cents per share 30 days ago to breakeven per share today.
Bottom Line
The stock has also started to move higher lately, adding 7.6% 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 #2 (Buy) stock to profit in the near future.
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