Why CDI Corp (CDI) Could Be Positioned for a Surge?
CDI Corp. CDI is an engineering and R&D service providing 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 CDI'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 CDI Corp could be a solid choice for investors.
Current Quarter Estimates for CDI
In the past 30 days, 1 estimate have gone higher for CDI Corp while none have gone lower in the same time period. The trend has been pretty favorable too, with loss estimates narrowing from $1.19 a share 30 days ago, to 99 cents today, a move of 16.80%.
Current Year Estimates for CDI
Meanwhile, CDI Corp'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 27 cents per share 30 days ago to a loss of 24 cents per share today, an increase of 11.1%.
CDI CORP Price and Consensus
The stock has also started to move higher lately, adding 26.7% 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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