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Why Isle of Capri Casinos (ISLE) Could Be Positioned for a Surge? - Tale of the Tape

Isle of Capri Casinos, Inc. ( ISLE ) is a resort and casino stock 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 ISLE'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 Isle of Capri Casinos could be a solid choice for investors.

Current Quarter Estimates for ISLE

In the past 30 days, 3 estimates have gone higher for Isle of Capri Casinos while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 6 cents a share 30 days ago, to a loss of 5 cents today, a move of 16.7%.

Current Year Estimates for ISLE

Meanwhile, Isle of Capri Casinos' current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 26 cents per share 30 days ago to 29 cents per share today, an increase of 11.5%.

Bottom Line

The stock has also started to move higher lately, adding 7.6% 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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ISLE OF CAPRI (ISLE): 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.