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Why Shenandoah Telecom (SHEN) Could Be Positioned for a Surge

Shenandoah Telecommunications Company SHEN is a Diversified Communication Services company 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 SHEN’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 Shenandoah Telecom could be a solid choice for investors.

Current Quarter Estimates for SHEN

In the past 30 days, two estimates have gone higher for Shenandoah Telecomwhile none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 12 cents a share 30 days ago, to a loss of 4 cents today, a move of 67%.

Current Year Estimates for SHEN

Meanwhile, Shenandoah Telecom’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 24 cents per share 30 days ago to a loss of 6 cents per share today, an increase of 75%.

Shenandoah Telecommunications Co Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 12.5% 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.

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