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Melco Resorts & Entertainment Limited (MLCO): An Off-the-Radar Potential Winner
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It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.
One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Melco Resorts & Entertainment Limited (MLCO - Free Report) . This Gaming stock has actually seen estimates rise over the past month for the current fiscal year by about 35.3%. But that is not yet reflected in its price, as the stock lost 2.2% over the same time frame.
Melco Crown Entertainment Limited Price and Consensus
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 82.6%, which should ultimately translate into price appreciation.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Melco Resorts & Entertainment. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for MLCO and that now might be an interesting buying opportunity.
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A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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Melco Resorts & Entertainment Limited (MLCO): An Off-the-Radar Potential Winner
It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.
One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Melco Resorts & Entertainment Limited (MLCO - Free Report) . This Gaming stock has actually seen estimates rise over the past month for the current fiscal year by about 35.3%. But that is not yet reflected in its price, as the stock lost 2.2% over the same time frame.
Melco Crown Entertainment Limited Price and Consensus
Melco Crown Entertainment Limited Price and Consensus | Melco Crown Entertainment Limited Quote
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 82.6%, which should ultimately translate into price appreciation.
And if this isn’t enough, MLCO currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance). You can see the complete list of today’s Zacks #1 Rank stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Melco Resorts & Entertainment. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for MLCO and that now might be an interesting buying opportunity.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>