ChannelAdvisor CorporationECOM is a, Internet Software/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 ECOM'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 ChannelAdvisor could be a solid choice for investors.
Current Quarter Estimates for ECOM
In the past 30 days, 1 estimate has gone higher for ChannelAdvisor while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 24 cents a share 30 days ago, to a loss of 20 cents today, a move of 16.7%.
Current Year Estimates for ECOM
Meanwhile, ChannelAdvisor's current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.15 per share 30 days ago to a loss of $1.00 per share today, an increase of 13.0%.
Bottom Line
The stock has also started to move higher lately, adding 45.9% 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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CHANNELADVISOR (ECOM): 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.
