These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LVLT’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 Level 3 Communications could be a solid choice for investors.
Current Quarter Estimates for LVLT
In the past 30 days, 8 estimates have gone higher for Level 3 Communications while no estimate moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 27 cents per share 30 days ago, to 34 cents per share today, a move of 25.9%.
Current Year Estimates for LVLT
Meanwhile, Level 3 Communications’ current year figures are also looking quite promising, with 8 estimates moving higher in the past month, compared to 1 estimate moving lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.18 per share 30 days ago to $1.54 per share today, an increase of 30.5%.
Bottom Line
The stock has also started to move higher lately, adding 16.7% 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 #1 (Strong Buy) stock to profit in the near future.
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