Ctrip.com International Ltd. CTRP is an Internet Commerce 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 CTRP’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 Ctrip.com could be a solid choice for investors.
Current Quarter Estimates for CTRP
In the past 30 days, 3 estimates have gone higher for Ctrip.com while 1 estimate has been revised lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 7 cents a share 30 days ago, to a loss of 4 cents today, a move of 42.9%.
Current Year Estimates for CTRP
Meanwhile, Ctrip.com’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none moving lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 6 cents per share 30 days ago to $2.13 per share today, a substantial increase.
Bottom Line
The stock has also started to move higher lately, adding 16.8% 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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