Can Inteliquent (IQNT) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape

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Inteliquent, Inc. ( IQNT ) is a wireless national 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 IQNT'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 Inteliquent could be a solid choice for investors.

Current Quarter Estimates for IQNT

In the past 30 days, 3 estimates have gone higher for Inteliquent while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 23 cents a share 30 days ago, to 27 cents today, a move of 17.4%.

Current Year Estimates for IQNT

Meanwhile, Inteliquent'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 90 cents per share 30 days ago to $1.03 per share today, an increase of 14.4%.

Bottom Line

The stock has also started to move higher lately, adding 7.6% 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Earnings , Investing Ideas , Stocks

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