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Increased Earnings Estimates Seen for Mimecast (MIME): Can It Move Higher?

Mimecast LimitedMIME belongs to the Internet Software industry 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 MIME'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 Mimecast could be a solid choice for investors.

Current Quarter Estimates for MIME

In the past 30 days, 1 estimate has gone higher for Mimecast while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 7 cents a share 30 days ago, to a loss of 5 cents today, a move of 25.6%.

Current Year Estimates for MIME

Meanwhile, Mimecast's current year figures are also looking quite promising, with 1 estimate 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 23 cents per share 30 days ago to a loss of 12 cents per share today, an increase of 47.8%.

MIMECAST LTD Price and Consensus

MIMECAST LTD Price and Consensus | MIMECAST LTD Quote

Bottom Line

The stock has also started to move higher lately, adding 25.7% 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 #2 (Buy) 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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