Can QAD (QADB) Run Higher on Strong Earnings Estimate Revisions?

QAD Inc. (QADB) is an enterprise software solutions 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 QADB’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 QAD could be a solid choice for investors.

Current Quarter Estimates for QADB

In the past 30 days, 1 estimate has gone higher for QAD while none have moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 8 cents a share 30 days ago, to 11 cents today, a move of 37.5%.

Current Year Estimates for QADB

Meanwhile, QAD’s current year figures are also looking quite promising, with 1 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 37 cents per share 30 days ago to 44 cents per share today, an increase of nearly 19%.

Bottom Line

The stock has also started to move higher lately, adding 8.4% 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 #2 (Buy) 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 >>

QAD CL B (QADB): Free Stock Analysis Report


Zacks Investment Research