Why SITO Mobile (SITO) Could Be Positioned for a Surge? - Tale of the Tape
SITO Mobile Ltd. ( SITO ) is a technology based mobile solutions provider 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 SITO'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 SITO Mobile could be a solid choice for investors.
Current Quarter Estimates for SITO
In the past 30 days, 1 estimate has gone higher for SITO Mobile while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 1 cent a share 30 days ago, to breakeven today.
Current Year Estimates for SITO
Meanwhile, SITO Mobile'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 2 cents per share 30 days ago to a loss of 1 cent per share today.
The stock has also started to move higher lately, adding 9.6% 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 #1 (Strong Buy) stock to profit in the near future.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.