Ship Finance International Limited (SFL) is a shipping 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 SFL’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 Ship Finance International could be a solid choice for investors.
Current Quarter Estimates for SFL
In the past 30 days, 2 estimates have gone higher for Ship Finance International while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 25 cents a share 30 days ago, to 37 cents today, a move of 48%.
Current Year Estimates for SFL
Meanwhile, Ship Finance International’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.05 per share 30 days ago to $1.92 per share today, an increase of nearly 83%.
Bottom Line
The stock has also started to move higher lately, adding 10.2% 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 #1 (Strong Buy) stock to profit in the near future.
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