Ship Finance International Limited ( SFL ), the stock in the Shipping industry 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 SFL'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 Ship Finance International could be a solid choice for investors.Current Quarter Estimates for SFL
In the past 30 days, 1 estimate has gone higher for Advanced Micro Devices. The trend has been pretty favorable too, with estimates improving from 29 cents a share 30 days ago to 31 cents today, a move of 6.9%.Current Year Estimates for SFL
Meanwhile, Ship Finance International's current year figures are also looking quite promising, with 2 estimates moving higher in the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.02 per share 30 days ago to $1.17 cents per share today, an increase of 14.7%.Bottom Line
The stock has also started to move higher lately, adding 9.9% 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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