Alpha & Omega Semiconductor, Ltd. (NASDAQ: AOSL), a semiconductor company, 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 AOSL'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 Alpha & Omega Semiconductor could be a solid choice for investors.
Current Quarter Estimates for AOSL
Through none of the firms revised estimates upward in the past 30 days, the consensus estimate trend has been favorable. Consensus estimate narrowed from a loss of 7 cents per share 30 days ago, to a loss of 6 cents per share today, a move of 14.3%.
Current Year Estimates for AOSL
Meanwhile, Alpha & Omega Semiconductor's current year figures are also looking quite promising, 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, narrowing from a loss of 19 cents per share 30 days ago, to a loss of 17 cents per share today, a move of 10.5%.
Bottom Line
The stock has also started to move higher lately, adding 10.8% 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.
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These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AOSL'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 Alpha & Omega Semiconductor could be a solid choice for investors.
Current Quarter Estimates for AOSL
Through none of the firms revised estimates upward in the past 30 days, the consensus estimate trend has been favorable. Consensus estimate narrowed from a loss of 7 cents per share 30 days ago, to a loss of 6 cents per share today, a move of 14.3%.
Current Year Estimates for AOSL
Meanwhile, Alpha & Omega Semiconductor's current year figures are also looking quite promising, 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, narrowing from a loss of 19 cents per share 30 days ago, to a loss of 17 cents per share today, a move of 10.5%.
Bottom Line
The stock has also started to move higher lately, adding 10.8% 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 >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
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ALPHA&OMEGA SEM (NASDAQ: AOSL): Free Stock Analysis Report
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