| 3 Reasons Why First Solar (FSLR) is a Great Momentum Stock | |
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While looking at price performance or full year earnings can be essential to understanding a momentum stock, you shouldn’t forget about the current quarter EPS and the trend in estimates there. This change can signal how a stock might perform in the next earnings season which is obviously vital for momentum investors. Right now, FSLR is seeing a nice trend over the past month when it comes to this quarter’s earnings estimate projections. In the time frame, EPS estimates for First Solar have gone up by 1.61% compared to an industry average move of 0.00%, suggesting that not only is FSLR heading in the right direction, but it is seeing an increase relative to the industry too. FSLR Earnings Estimate Revisions Moving in the Right Direction While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. A nice path here can really help to show us a promising stock, and we have actually been seeing that with FSLR as of late too. Over the past one month, 1 earnings estimate has gone higher compared to none lower for the full year. This revision has helped to boost the consensus estimate as one month ago FSLR was expected to post earnings of $2.97 per share for the full year, though today it looks to have EPS of $2.98 for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors. Bottom Line Given these factors, investors shouldn’t be surprised to note that we have FSLR as a security with a Zacks Rank #2 (Buy) and a Momentum Score of ‘B’. So if you are looking for a fresh pick that has potential to move in the right direction, definitely keep FSLR on your short list as this looks be a stock that is very well-positioned to soar in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FIRST SOLAR INC (FSLR): Free Stock Analysis Report To read this article on Zacks.com click here.
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First Solar est une société basée aux Etats-Unis D'Amerique. First Solar est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 26,7 milliards US$ (23,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 11 juin 2010 à 100,19 US$, et son plus haut niveau récent le 27 septembre 2024 à 255,75 US$. First Solar possède 104 270 000 actions en circulation. |