Surging Earnings Estimates Signal Good News for Match Group (MTCH)

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Match Group, Inc. MTCH is a leader of dating products 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 MTCH'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 Match Group could be a solid choice for investors.

Current Quarter Estimates for MTCH

In the past 30 days, three estimates have gone higher for Match Group while one have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 38 cents a share 30 days ago, to 45 cents today, a move of 18.4%.

Current Year Estimates for MTCH

Meanwhile, Match Group's current year figures are also looking quite promising, with seven estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.62 per share 30 days ago to $1.91 per share today, an increase of 17.9%.

Match Group, Inc. Price and Consensus

Match Group, Inc. Price and Consensus

Match Group, Inc. price-consensus-chart | Match Group, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 20.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today's Zacks #1 Rank stocks here .

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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 Nasdaq, Inc.

This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Symbols: MTCH

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