Can ZELTIQ Aesthetics (ZLTQ) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape
January 23 2014 - 8:47AM
Zacks
Medical Products manufacturer
ZELTIQ Aesthetics, Inc. (ZLTQ) 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 ZLTQ’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 ZELTIQ Aesthetics could be a solid choice for
investors.
Current Quarter Estimates for ZLTQ
In the past 30 days, two estimates have gone higher for ZELTIQ
Aesthetics while no downward movement of estimates was observed
during the same time period. The trend has been pretty favorable
too, with estimates narrowing from a loss of 19 cents a share 30
days ago, to the loss of 15 cents per share today, an improvement
of 21%.
Current Year Estimates for ZLTQ
Meanwhile, ZELTIQ Aesthetics’ current year figures are also looking
quite promising, with 3 estimates moving higher in the past month,
while none moved lower. The consensus estimate trend has also seen
a boost for this time frame, narrowing from a loss of 58 cents per
share 30 days ago to a loss of 54 cents per share today, an
improvement of 6.9%.
Bottom Line
The stock has also started to move higher lately, adding 28.9% 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 #3 (Hold) stock to profit in the near
future.
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30
Days. Click to get this free report >>
ZELTIQ AESTHETC (ZLTQ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Zeltiq Aesthetics, Inc. (NASDAQ:ZLTQ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Zeltiq Aesthetics, Inc. (NASDAQ:ZLTQ)
Historical Stock Chart
From Jul 2023 to Jul 2024