Earnings Estimates Moving Higher for Demand Media (DMD): Time to Buy? - Tale of the Tape
Demand Media, Inc. ( DMD ) is a company in the Internet Content space 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 DMD'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 Demand Media could be a solid choice for investors.
Current Quarter Estimates for DMD
In the past 30 days, no estimates have gone higher or lower for Demand Media. The trend, however, has been pretty favorable, with estimates narrowing from a loss of 56 cents a share 30 days ago, to a loss of 31 cents today, a move of 41.5%.
Current Year Estimates for DMD
Meanwhile, Demand Media's current year figures are also looking quite promising, with estimates staying stable over the past month. The consensus estimate trend has seen a boost for this time frame, narrowing from a loss of $1.92 per share 30 days ago to a loss of $1.01 per share today, an increase of 47.4%.
The stock has also started to move higher lately, adding 13.5% 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report