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Can Planar Systems (PLNR) Run Higher on Strong Earnings Estimate Revisions?

Planar Systems Inc. ( PLNR ) is a digital display manufacturer 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 PLNR'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 Planar Systems could be a solid choice for investors.

Current Quarter Estimates forPLNR

In the past 30 days, 2 estimates have gone higher for Planar Systems while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 5 cents a share 30 days ago, to 6 cents today, a move of 20%.

Current Year Estimates forPLNR

Meanwhile, Planar Systems's current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 19 cents per share 30 days ago to 23 cents per share today, an increase of 21.1%.

Bottom Line

The stock has also started to move higher lately, adding 51.5% 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 #3 (Hold) stock to profit in the near future.

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PLANAR SYSTEMS (PLNR): 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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