HollySys Automation Technologies, Ltd. (HOLI), an automation and control technologies provider, is a company 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 HOLI’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 HollySys Automation Technologies could be a solid choice for investors.
Current Quarter Estimates for HOLI
In the past 30 days, 1 estimate has gone higher for HollySys Automation Technologies with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 10 cents per share to 35 cents per share, a move of 250.0%.
Current Year Estimates for HOLI
Meanwhile, HollySys Automation Technologies’s current year figures have seen 1 estimate 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 $1.23 per share 30 days ago to $1.37 per share today, an increase of 11.4%.
Bottom Line
The stock has also started to move higher lately, adding 22.5% 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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