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Earnings Estimates Moving Higher for Support.com (SPRT): Time to Buy? - Tale of the Tape

Support.com, Inc. ( SPRT ), the provider of cloud-based services and software solutions 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 SPRT's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Support.com could be a solid choice for investors.

Current Quarter Estimates for SPRT

In the past 30 days, 1 estimate has gone higher for Support.com while there is no downward estimates revision in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 3 cents a share 30 days ago, to a breakeven, a move of 100%.

Current Year Estimates for SPRT

Meanwhile, Support.com's current year figures are also looking quite promising, with 1 estimate moved higher in the past month. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 8 cents 30 days ago to a loss of 2 cents today, an increase of 75%.

Bottom Line

The stock has also started to move higher lately, adding 5.4% 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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SUPPORT.COM INC (SPRT): 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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