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Can Fiv9 (FIVN) Run Higher on Strong Earnings Estimate Revisions?

Five9, Inc. FIVN is a provider of cloud software for contact centers 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 FIVN'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 Five9 could be a solid choice for investors.

Current Quarter Estimates for FIVN

In the past 30 days, 1 estimate have gone higher for Five9 while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 14 cents a share 30 days ago, to a loss of 12 cents today, a move of 14.3%.

Current Year Estimates for FIVN

Meanwhile, Five9'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, narrowing from a loss of 61 cents per share 30 days ago to a loss of 54 cents per share today, an increase of 11.5%.

Bottom Line

The stock has also started to move higher lately, adding 43.5% 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 #1 (Strong Buy) stock to profit in the near future.

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FIVE9 INC (FIVN): Free Stock Analysis Report

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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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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