ChipMOS TECHNOLOGIES (Bermuda) LTD. IMOS is a provider of total semiconductor testing and packaging solutions 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 IMOS’ 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 ChipMOS could be a solid choice for investors.
Current Quarter Estimates for IMOS
In the past 30 days, the trend has been pretty favorable for ChipMOS, with estimates increasing from 18 cents a share 30 days ago, to 22 cents today, a move of 22.2%.
Current Year Estimates for IMOS
Meanwhile, ChipMOS’ 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 $1.05 per share 30 days ago to $1.19 per share today, an increase of 13.3%.
Bottom Line
The stock has also started to move higher lately, adding 9.1% 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 (Hold) stock to profit in the near future.
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