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Surging Earnings Estimates Signal Good News for Ship Finance (SFL)
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Ship Finance International Limited (SFL - Free Report) is a major ship owning company. 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 SFL’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 Ship Finance could be a solid choice for investors.
Current Quarter Estimates for SFL
In the past 30 days, two estimates have gone higher for Ship Finance while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 20 cents a share 30 days ago, to 24 cents today, a move of 20%.
Current Year Estimates for SFL
Meanwhile, Ship Finance’s current year figures are also looking quite promising, with two estimates 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 89 cents per share 30 days ago to $1.06 per share today, an increase of 19.1%.
Ship Finance International Limited Price and Consensus
The stock has also started to move higher lately, adding 5.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Surging Earnings Estimates Signal Good News for Ship Finance (SFL)
Ship Finance International Limited (SFL - Free Report) is a major ship owning company. 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 SFL’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 Ship Finance could be a solid choice for investors.
Current Quarter Estimates for SFL
In the past 30 days, two estimates have gone higher for Ship Finance while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 20 cents a share 30 days ago, to 24 cents today, a move of 20%.
Current Year Estimates for SFL
Meanwhile, Ship Finance’s current year figures are also looking quite promising, with two estimates 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 89 cents per share 30 days ago to $1.06 per share today, an increase of 19.1%.
Ship Finance International Limited Price and Consensus
Ship Finance International Limited Price and Consensus | Ship Finance International Limited Quote
Bottom Line
The stock has also started to move higher lately, adding 5.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>