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Can RealD (RLD) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape

RealD Inc. ( RLD ), the company which operates as a licensor of 3D and other visual technologies, 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 RLD's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that RealD could be a solid choice for investors.

Current Quarter Estimates for RLD

In the past 30 days, 3 estimates has gone higher for RealD while there is no downward estimates revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 11 cents a share 30 days ago, to 14 cents per share today, a move of 27.3%.

Current Year Estimates for RLD

Meanwhile, RealD's current year figures are also looking quite promising, with 2 estimates moved higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, as estimates narrowing from a loss of 6 cents a share 30 days ago, to a gain of 1 cent today, an increase of 116.7%.

Bottom Line

The stock has also started to move higher lately, adding 9.5% 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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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.