Fairpoint Communications, Inc. ( FRP ), a telecom service provider, 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 FRP'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 Fairpoint Communications could be a solid choice for investors.Current Quarter Estimates for FRP
In the past 30 days, 1 estimate has gone higher for Fairpoint Communications while none moved lower in the same time period. The consensus estimate trend has been pretty favorable too, with estimates narrowing from -$1.04 a share 30 days ago to -78 cents today, a move of 33.3%.Current Year Estimates for FRP
Meanwhile, Fairpoint Communications' current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from -$5.45 per share 30 days ago to -$4.88 per share today, an increase of 11.7%.Bottom Line
The stock has also started to move higher lately, adding 14.02% 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 #2 (Buy) stock to profit in the near future.
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. Click to get this free report >>FAIRPOINT COMM (FRP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research