Can Net 1 Ueps Technologies (UEPS) Run Higher on Strong Earnings Estimate Revisions?

Net 1 Ueps Technologies Inc. (UEPS) is a universal electronic payment system 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 UEPS’ 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 Net 1 Ueps Technologies could be a solid choice for investors.

Current Quarter Estimates for UEPS

In the past 30 days, 1 estimate has gone higher for Net 1 Ueps Technologies while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 37 cents a share 30 days ago, to 42 cents today, a move of 13.5%.

Current Year Estimates for UEPS

Meanwhile, Net 1 Ueps Technologies’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none moving lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.54 per share 30 days ago to $1.81 per share today, an increase of 17.5%.

Bottom Line

The stock has also started to move higher lately, adding 26.4% 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 #1 (Strong Buy) stock to profit in the near future.

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