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Increased Earnings Estimates Seen for SVMK: Can It Move Higher?

SVMKInc.SVMK is a developer of survey software products 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 SVMK'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 SVMK could be a solid choice for investors.

Current Quarter Estimates for SVMK

In the past 30 days, one estimate has gone higher for SVMK while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 2 cents today, a move of 50%.

Current Year Estimates for SVMK

Meanwhile, SVMK's current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 17 cents per share 30 days ago to a loss of 12 cents per share today, an increase of 29.4%.

SVMK Inc. Price and Consensus

SVMK Inc. Price and Consensus | SVMK Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 18.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) 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.

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Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

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