These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TASR’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 TASER International could be a solid choice for investors.
Current Quarter Estimates for TASR
In the past 30 days, no estimates moved up for TASER International but there was 1 downward revision. However, the consensus estimate trend has been pretty favourable, with estimates increasing from 2 cents a share 30 days ago, to 5 cents today, a move of 150%.
Current Year Estimates for TASR
Meanwhile, TASER International’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 31 cents per share 30 days ago to 36 cents per share today, an increase of 16.1 %.
Bottom Line
The stock has also started to move higher lately, adding 19.7% 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 TASER International stock to profit in the near future.
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