These positive earnings estimate revisions suggest that analysts are becoming more optimistic on KFX’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 Kofax Limited could be a solid choice for investors.
Current Quarter Estimates for KFX
In the past 30 days, 1 estimate has gone higher for Kofax Limited while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 6 cents a share 30 days ago, to 7 cents today, a move of 16.7%.
Current Year Estimates for KFX
Meanwhile Kofax Limited’s current year figures are also looking quite promising, with 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 27 cents per share 30 days ago to 31 cents per share today, an increase of 14.8%.
Bottom Line
The stock has also started to move higher lately, adding 7.3% 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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