Earnings Estimates Moving Higher for Fairpoint Communications (FRP): Time to Buy? - Tale of the Tape

By
A A A

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.

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 >>



FAIRPOINT COMM (FRP): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research




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

Referenced Stocks: FRP

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

33,974,386
  • $17.98 ▲ 0.28%
20,763,901
  • $91.29 ▲ 2.06%
19,110,793
  • $7.26 ▼ 1.22%
18,528,869
    $8.33 unch
18,014,920
  • $4.19 ▼ 1.18%
16,448,919
  • $25.83 ▼ 0.19%
14,748,190
  • $7.60 ▼ 1.43%
14,144,383
  • $112.01 ▼ 0.47%
As of 12/24/2014, 02:12 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com