Why Autobytel (ABTL) Could Be Positioned for a Surge? - Tale of the Tape
Autobytel Inc. ( ABTL ) is a online automotive commerce 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 ABTL'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 Autobytel could be a solid choice for investors.
Current Quarter Estimates for ABTL
In the past 30 days, 1 estimate have gone higher for Autobytel while 1 has gone lower in the same time period. The trend has been pretty favorable, with estimates increasing from 10 cents a share 30 days ago, to 14 cents today, a move of 40%.
Current Year Estimates for ABTL
Meanwhile, Autobytel's current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from 46 cents per share 30 days ago to 84 cents per share today, an increase of 82.6%.
The stock has also started to move higher lately, adding 36.8% 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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