), the stock in the Business Software Services 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 SNX'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 SYNNEX could be a solid choice for investors.
Current Quarter Estimates for SNX
In the past 30 days, 2 estimates have gone higher for SYNNEX. The
trend has been pretty favorable too, with estimates increasing from
$1.11 a share 30 days ago to $1.37 today, a jump of 23.4%.
Current Year Estimates for SNX
Meanwhile, SYNNEX's current year figures are also looking quite
promising, with 4 estimates moving higher in the past month. The
consensus estimate trend has also seen a boost for this time frame,
increasing from $4.69 per share 30 days ago to $5.34 per share
today, an increase of 13.9%.
The stock has also started to move higher lately, adding 23% 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
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