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Increased Earnings Estimates Seen for ORBCOMM (ORBC): Can It Move Higher? - Tale of the Tape

ORBCOMM, Inc. ( ORBC ), a wireless data communications company which provides machine-to-machine communication 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 ORBC's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that ORBCOMM could be a solid choice for investors.

Current Quarter Estimates for ORBC

In the past 30 days, 2 estimates have gone higher for ORBCOMM while there is no downward estimates revision in the same time period. The consensus estimates remained flat at 2 cents a share in the past 30 days.

Current Year Estimates for ORBC

Meanwhile, ORBCOMM's current year figures are also looking quite promising, with 2 estimates moving higher in the past month. While, the consensus estimates remained flat at 5 cents a share in the past 30 days.

Bottom Line

The stock has also started to move higher lately, adding 5.1% 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.

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ORBCOMM INC (ORBC): 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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