AAC Holdings, Inc. (AAC), a provider of substance abuse treatment services, 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 AAC’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 AAC Holdings could be a solid choice for investors.
Current Quarter Estimates for AAC
In the past 30 days, 1 estimate has gone higher for AAC Holdings with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 6 cents per share 30 days ago, to 8 cents a share today, a move of 33.3%.
Current Year Estimates for AAC
Meanwhile, AAC Holdings’ 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 22 cents per share 30 days ago to 27 cents per share today, an increase of 22.7%.
Bottom Line
The stock has also started to move higher lately, adding 44.7% 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 #3 (Hold) stock to profit in the near future.
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