Convergys Corporation CVG is an Ohio based company which provides customer management business process outsourcing solutions and 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 CVG'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 Convergys could be a solid choice for investors.
Current Quarter Estimates for CVG
In the past 30 days, 1 estimate has gone higher for Convergys while no estimate moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 27 cents a share 30 days ago, to 29 cents today, a move of 7.4%.
Current Year Estimates for CVG
Meanwhile, Convergys' current year figures are also looking quite favorable, with 1 estimate moving higher in the past month, compared to no estimate moving lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.21 per share 30 days ago to $1.37 per share today, an improvement of 13.2%.
Bottom Line
The stock has also started to move higher lately, adding 5.06% 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.
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CONVERGYS CORP CVG: Free Stock Analysis Report
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Current Quarter Estimates for CVG
In the past 30 days, 1 estimate has gone higher for Convergys while no estimate moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 27 cents a share 30 days ago, to 29 cents today, a move of 7.4%.
Current Year Estimates for CVG
Meanwhile, Convergys' current year figures are also looking quite favorable, with 1 estimate moving higher in the past month, compared to no estimate moving lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.21 per share 30 days ago to $1.37 per share today, an improvement of 13.2%.
Bottom Line
The stock has also started to move higher lately, adding 5.06% 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 >>
CONVERGYS CORP CVG: Free Stock Analysis Report
To read this article on Zacks.com click here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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