Global Eagle Entertainment Inc. (ENT) is a company in the Internet Content space 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 ENT’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 Global Eagle could be a solid choice for investors.
Current Quarter Estimates for ENT
In the past 30 days, 1 estimate has gone higher for Global Eagle while 1 has gone lower in the same time period. The trend has been pretty favorable, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 3 cents today, a move of 25%.
Current Year Estimates for ENT
Meanwhile, Global Eagle’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to 2 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 2 cents per share 30 days ago to break even now.
Bottom Line
The stock has also started to move higher lately, adding 11.5% 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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