YuMe, Inc. YUME, a provider of digital video brand advertising solutions, 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 YUME’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 YuMe could be a solid choice for investors.
Current Quarter Estimates for YUME
In the past 30 days, 1 estimate have gone higher for YuMe while 0 have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing down from a loss of 5 cents a share 30 days ago, to a loss of a penny today, an increase of 80%.
Current Year Estimates for YUME
Meanwhile, YuMe’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to 0 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing down from a loss of 63 cents per share 30 days ago to a loss of 55 cents per share today, an increase of 12.7%.
Bottom Line
The stock has also started to move higher lately, adding 12.2% 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment