Lodging service provider Home Inns & Hotels Management Inc. (HMIN) 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 HMIN’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 Home Inns & Hotels Management could be a solid choice for investors.
Current Quarter Estimates for HMIN
In the past 30 days, one estimate has gone higher for Home Inns & Hotels Management while no downward movement of estimates was observed during the same time period. The trend has been pretty favorable too, with estimates increasing from 15 cents a share 30 days ago, to 18 cents today, a move of 20%.
Current Year Estimates for HMIN
Meanwhile, Home Inns & Hotels Management’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, while none moved lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 90 cents per share 30 days ago to $1.06 per share today, an increase of 17.8%.
Bottom Line
The stock has also started to move higher lately, adding 12.4% 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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