Macquarie Infrastructure Company LLC (MIC) is a diversified infrastructure 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 MIC’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 Macquarie Infrastructure could be a solid choice for investors.
Current Quarter Estimates for MIC
In the past 30 days, though no estimates have moved upwards, the trend has been pretty, with estimates increasing from 30 cents a share 30 days ago, to 36 today, a move of 20%.
Current Year Estimates for MIC
Meanwhile, Macquarie Infrastructure’s current year figures are also looking quite promising, as the consensus estimate trend has seen a boost for this time frame, increasing from $1.31 per share 30 days ago to $1.45 per share today, an increase of 10.7%.
Bottom Line
The stock has also started to move higher lately, adding 12.2% 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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