These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FLDM’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 Fluidigm could be a solid choice for investors.
Current Quarter Estimates for FLDM
In the past 30 days, 1 estimate have gone higher for Fluidigm while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss 61 cents a share 30 days ago, to a loss of 36 cents a share today, a move of 41%.
Current Year Estimates for FLDM
Meanwhile, Fluidigm’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.56 per share 30 days ago to a loss of $1.26 per share today, an increase of 19.2%.
Bottom Line
The stock has also started to move higher lately, adding 6.21% 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 #2 (Buy) stock to profit in the near future.
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