Surging Earnings Estimates Signal Good News for E-House (China) Holdings Limited (EJ) - Tale of the Tape


E-House (China) Holdings Limited ( EJ ), a property manager, 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 EJ's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that E-House (China) Holdings Limited could be a solid choice for investors.

Current Quarter Estimates for EJ

In the past 60 days, 1 estimate has gone higher for E-House (China) Holdings Limited with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 7 cents a share 60 days ago to 15 cents today, a move of 114.2%.

Current Year Estimates for EJ

Meanwhile, E-House (China) Holdings Limited's current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared with no downward revision in the same time period. The consensus estimate trend has also seen a boost for this time frame, increasing from 25 cents per share 30 days ago to 31 cents per share today, an increase of 75%.

Bottom Line

The stock has also started to move higher lately, adding 12.4% 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 #1 (Strong Buy) stock to profit in the near future.

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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: EJ

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