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Earnings Estimates Moving Higher For Tenaris (TS): Time To Buy?

By Zacks Investment ResearchStock MarketsDec 07, 2016 09:15PM ET
www.investing.com/analysis/earnings-estimates-moving-higher-for-tenaris-(ts):-time-to-buy-200168923
Earnings Estimates Moving Higher For Tenaris (TS): Time To Buy?
By Zacks Investment Research   |  Dec 07, 2016 09:15PM ET
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Tenaris S.A. (NYSE:TS) is a leading manufacturer and supplier of seamless steel pipe products and associated services 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 TS’ 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 Tenaris could be a solid choice for investors.

Current Quarter Estimates for TS

In the past 30 days, 1 estimate has gone higher for Tenaris while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a penny a share 30 days ago, to 2 cents per share today, a move of 100%.

Current Year Estimates for TS

Meanwhile, Tenaris’ current year figures are also looking quite promising, with 2 estimates 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 a loss of 2 cents per share 30 days ago to earnings of 3 cents per share today.

TENARIS SA-ADR Price and Consensus

TENARIS SA-ADR Price and Consensus | TENARIS SA-ADR Quote

Bottom Line

The stock has also started to move higher lately, adding 20% 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 (Strong Buy) Rank stocks here.

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TENARIS SA-ADR (TS): Free Stock Analysis Report

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Earnings Estimates Moving Higher For Tenaris (TS): Time To Buy?
 

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Earnings Estimates Moving Higher For Tenaris (TS): Time To Buy?

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