These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SBY’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 Silver Bay Realty could be a solid choice for investors.
Current Quarter Estimates for SBY
In the past 30 days, 1 estimate has gone higher for Silver Bay Realty with no lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 5 cents a share 30 days ago, to 6 cents a share today, a move of 20.0%.
Current Year Estimates for SBY
Meanwhile, Silver Bay Realty’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 20 cents per share 30 days ago to 23 cents per share today, an increase of 15.0%.
Bottom Line
The stock has also started to move higher lately, adding 5.1% 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 #3 (Hold) stock to profit in the near future.
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