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Earnings Estimates Moving Higher for Jernigan Capital (JCAP): Time to Buy?

Zacks

Jernigan Capital, Inc. JCAP is a commercial real estate finance company 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 JCAP’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 Jernigan Capital could be a solid choice for investors.

Current Quarter Estimates for JCAP

In the past 30 days, 1 estimate has gone higher for Jernigan Capital while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 29 cents a share 30 days ago, to 46 cents per share today, a move of 58.6%.


Current Year Estimates for JCAP

Meanwhile, Jernigan Capital’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 $1.72 per share 30 days ago to $2.08 per share today, an increase of 20.9%.

JERNIGAN CAPITL Price and Consensus

JERNIGAN CAPITL Price and Consensus | JERNIGAN CAPITL Quote

Bottom Line

The stock has also started to move higher lately, adding nearly 6% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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