We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can Diodes (DIOD) Run Higher on Strong Earnings Estimate Revisions?
Read MoreHide Full Article
Diodes Incorporated (DIOD - Free Report) is a semiconductor products manufacturer 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 DIOD’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 Diodes could be a solid choice for investors.
Current Quarter Estimates for DIOD
In the past 30 days, one estimate has gone higher for Diodes while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 23 cents a share 30 days ago, to 28 cents today, a move of 21.7%.
Current Year Estimates for DIOD
Meanwhile, Diodes’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 88 cents per share 30 days ago to $1.00 per share today, an increase of 13.6%.
The stock has also started to move higher lately, adding 16.3% 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. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Can Diodes (DIOD) Run Higher on Strong Earnings Estimate Revisions?
Diodes Incorporated (DIOD - Free Report) is a semiconductor products manufacturer 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 DIOD’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 Diodes could be a solid choice for investors.
Current Quarter Estimates for DIOD
In the past 30 days, one estimate has gone higher for Diodes while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 23 cents a share 30 days ago, to 28 cents today, a move of 21.7%.
Current Year Estimates for DIOD
Meanwhile, Diodes’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 88 cents per share 30 days ago to $1.00 per share today, an increase of 13.6%.
Diodes Incorporated Price and Consensus
Diodes Incorporated Price and Consensus | Diodes Incorporated Quote
Bottom Line
The stock has also started to move higher lately, adding 16.3% 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. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>