Fifth & Pacific Companies, Inc. ( FNP ), a designer and marketer of apparel and accessories, 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 FNP's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Fifth & Pacific could be a solid choice for investors.Current Quarter Estimates for FNP
In the past 30 days, there was no estimate revision for Advanced Emissions Solutions. However, the consensus estimate trend has been pretty favorable, with estimates increasing from 29 cents a share 30 days ago to 32 cents today, a move of 10.3%.Current Year Estimates for FNP
Meanwhile, Fifth & Pacific's current year figures are also looking quite promising. Though there was no estimate revision for the company over the last 30 days , the consensus estimate trend has seen a boost for this time frame, increasing from a penny per share 30 days ago to 3 cents per share today, an increase of 200%.Bottom Line
The stock has also started to move higher lately, adding 9.1% 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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