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Surging Earnings Estimates Signal Good News for CSG Systems (CSGS)

CSG Systems International Inc.CSGS is a Computer Services company 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 CSGS'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 CSG Systems could be a solid choice for investors.

Current Quarter Estimates for CSGS

In the past 30 days, 1 estimate has gone higher for CSG Systems with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 56 cents a share 30 days ago, to 64 cents today, a move of 14.3%.

Current Year Estimates for CSGS

Meanwhile, CSG Systems' current year figures have seen 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has seen a boost for this time frame, increasing from $1.97 a share 30 days ago to $2.19 per share today, an increase of 11.2%.

Bottom Line

The stock has also started to move higher lately, adding 10.7% 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 #1 (Strong Buy) stock to profit in the near future.

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CSG SYS INTL (CSGS): 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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