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Earnings Estimates Moving Higher for Qunar Cayman (QUNR): Time to Buy?

Qunar Cayman Islands Limited QUNR is an online travel commerce platform operator 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 QUNR’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 Qunar Cayman could be a solid choice for investors.

Current Quarter Estimates for QUNR

In the past 30 days, 1 estimate has gone higher for Qunar Cayman, with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 90 cents a share 30 days ago, to a loss of 29 cents a share today, a move of 67.8%.

Current Year Estimates for QUNR

Meanwhile, Qunar Cayman’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, with no downward revisions. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.47 per share 30 days ago to a loss of 34 cents per share today, a move of 76.9%.

Bottom Line

The stock has also started to move higher lately, adding 12.7% 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.

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QUNAR CAYMN LTD (QUNR): Free Stock Analysis Report
 
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