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Earnings Estimates Moving Higher for Nutrisystem (NTRI): Time to Buy?

Nutrisystem, Inc.NTRI is a leading provider of weight management products and services, that could be an interesting play for investors, This 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 NTRI'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 Nutrisystem could be a solid choice for investors.

Current Quarter Estimates for NTRI

In the past 30 days, two estimates have gone higher for Nutrisystem while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 10 cents a share 30 days ago, to 17 cents today, a move of 70%.

Current Year Estimates for NTRI

Meanwhile, Nutrisystem' current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.38 per share 30 days ago to $1.49 per share today, an increase of 8%.

NutriSystem Inc Price and Consensus

NutriSystem Inc Price and Consensus | NutriSystem Inc Quote

Bottom Line

The stock has also started to move higher lately, adding 44.3% 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. You can see the complete list of today's Zacks #1 Rank stocks here .

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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.