DFB Healthcare Acquisitions Corp. (AHCO) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.
The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For DFB Healthcare Acquisitions Corp. There has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate Revisions
The earnings estimate of $0.11 per share for the current quarter represents a change of +266.67% from the number reported a year ago.
Over the last 30 days, one estimate has moved higher for DFB Healthcare Acquisitions Corp. while one has gone lower. As a result, the Zacks Consensus Estimate has increased 54.54%.
Current-Year Estimate Revisions
For the full year, the earnings estimate of $0.60 per share represents a change of +100% from the year-ago number.
The revisions trend for the current year also appears quite promising for DFB Healthcare Acquisitions Corp. with two estimates moving higher over the past month compared to one negative revision. The consensus estimate has also received a boost over this time frame, increasing 26.95%.
Favorable Zacks Rank
Thanks to promising estimate revisions, DFB Healthcare Acquisitions Corp. currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
DFB Healthcare Acquisitions Corp. shares have added 11.9% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.
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
DFB Healthcare Acquisitions Corp. (AHCO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
"corp" - Google News
March 04, 2020 at 12:20AM
https://ift.tt/2TjvFiI
Can DFB Healthcare Acquisitions Corp. (AHCO) Run Higher on Rising Earnings Estimates? - Yahoo Finance
"corp" - Google News
https://ift.tt/2RhVoHj
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
Bagikan Berita Ini
0 Response to "Can DFB Healthcare Acquisitions Corp. (AHCO) Run Higher on Rising Earnings Estimates? - Yahoo Finance"
Post a Comment