Time New York: Wed 07 Dec 05:29 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Why Zayo Group (ZAYO) Could Be Positioned for a Surge

Zacks

Zayo Group Holdings, Inc. ZAYO, a provider of communications infrastructure services, 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 ZAYO’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 Zayo Group could be a solid choice for investors.

Current Quarter Estimates for ZAYO

In the past 30 days, 5 estimates have gone higher for Zayo Group while 1 have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 5 cents a share 30 days ago, to 7 cents today, a move of 40%.

Current Year Estimates for ZAYO

Meanwhile, Zayo Group’s current year figures are also looking quite promising, with 5 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 24 cents per share 30 days ago to 28 cents per share today, an increase of 16.7%.

ZAYO GROUP HLDG Price and Consensus


ZAYO GROUP HLDG Price and Consensus | ZAYO GROUP HLDG Quote

Bottom Line

The stock has also started to move higher lately, adding 7.8% 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 #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks' Top Investment Ideas for Long-Term Profit

How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>


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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.