DSP Group Inc. ( DSPG ) is a hospitality and vacation ownership 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 DSPG'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 DSP Group could be a solid choice for investors.Current Quarter Estimates for DSPG
In the past 30 days, 1 estimate have gone higher for DSP Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates significantly narrowing from a loss of 1 cent a share 30 days ago, to 3 cents today.Current Year Estimates for DSPG
Meanwhile, DSP Group's 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, increasing significantly from 2 cents per share 30 days ago to 6 cents per share today.Bottom Line
The stock has also started to move higher lately, adding 9.5% 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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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 reportDSP GROUP INC (DSPG): Get Free ReportTo read this article on Zacks.com click here.Zacks Investment Research