A key reason for this move has been the positive trend in the earnings estimate revisions picture. For SMT’s full year estimate, we have seen 2 estimates go higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from 12 cents per share a month ago to its current level at 20 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, SMT has seen some pretty solid trading lately, as the company has moved higher by almost 51.0% in the past month.
If Smart Technologies can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put SMT on your watch list for the future.
Other top-ranked stocks worth considering in this space include Qihoo 360 Technology Co. Ltd. (QIHU), VeriSign, Inc. (VRSN) and NetEase, Inc. (NTES). While Qihoo sports a Zacks Rank #1 (Strong Buy), VeriSign and NetEase holds a Zacks Rank #2 (Buy).
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