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Surging Earnings Estimates Signal Good News for MicroStrategy (MSTR)

Zacks Equity Research
Updated

MicroStrategy Inc. MSTR is a business intelligence software 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 MSTR’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 Marvell Technology could be a solid choice for investors.

Current Quarter Estimates for MSTR

In the past 30 days, 1 estimate has gone higher for MicroStrategy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $2.28 a share 30 days ago, to $2.57 today, a move of 12.7%.

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Current Year Estimates for MSTR

Meanwhile, MicroStrategy’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month while none have gone lower in the same time frame. The consensus estimate trend has also seen a boost for this time frame, increasing from $6.97 per share 30 days ago to $7.81 per share today, an increase of 12.1%.  

MICROSTRATEGY Price and Consensus

MICROSTRATEGY Price and Consensus | MICROSTRATEGY Quote

Bottom Line

The stock has also started to move higher lately, adding 13.2% per 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. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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Zacks Investment Research