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Why Stora Enso (SEOAY) Could Be Positioned for a Surge?

Stora Enso OyjSEOAY is a Paper and Related products 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 SEOAY'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 Stora Enso could be a solid choice for investors.

Current Quarter Estimates for SEOAY

In the past 30 days, 1 estimate has gone higher for Stora Enso while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 17 cents a share 30 days ago, to 25 cents today, a move of 47.1%.

Current Year Estimates for SEOAY

Meanwhile, Stora Enso'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, increasing/narrowing from 68 cents per share 30 days ago to 75 cents per share today, an increase of 10.3%.

Bottom Line

The stock has also started to move higher lately, adding 16.7% 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 #2 (Buy) stock to profit in the near future.

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STORA ENSO -ADR (SEOAY): 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.

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