E-Commerce China Dangdang Inc. (DANG) is a Beijing-based business-to-consumer e-commerce company and it 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 DANG’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 Dangdang could be a solid choice for investors.
Current Quarter Estimates for DANG
In the past 30 days, 1 estimate has gone higher for Dangdang while no estimate moved down in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 7 cents a share 30 days ago, to a loss of 3 cents today.
Current Year Estimates for DANG
Meanwhile, Dangdang’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 9 cents per share 30 days ago to a profit of 4 cents per share today.
The stock has also started to move higher lately, adding 43.28% 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.
finance.yahoo.com/news/...oving-higher-dangdang-111204880.html 
Zurück
