EchoStar Corp. ( SATS ), provider of satellite operations, video delivery solutions, and broadband satellite technologies and services, 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.ECHOSTAR CORP (SATS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SATS' 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 EchoStar could be a solid choice for investors.
Current Quarter Estimates for SATS
In the past 30 days, 2 estimates have gone higher for EchoStar while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 1 cent a share 30 days ago, to earnings of 6 cents today, a significant move upward.
Current Year Estimates for SATS
Meanwhile, EchoStar's current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 26 cents per share 30 days ago to 64 cents per share today, an increase of 146%.
The stock has also started to move higher lately, adding 5.93% 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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