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What Falling Estimates & Price Mean for InterDigital (IDCC)
Zacks By Zacks Equity Research
6 hours ago
What Falling Estimates & Price Mean for you me
One such stock that you may want to consider dropping is InterDigital, Inc. (IDCC), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in IDCC.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 2 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $2.62 a share a month ago to its current level of $2.33.
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IDCC
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Also, for the current quarter, InterDigital has seen 1 downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to 30 cents a share from 54 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped nearly 12% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Wireless Equipment sector, you may instead consider a better-ranked stock - Harris Corporation (HRS). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this time.
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
INTERDIGITL INC (IDCC): Free Stock Analysis Report
What Falling Estimates & Price Mean for InterDigital (IDCC)
Zacks By Zacks Equity Research
6 hours ago
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is InterDigital, Inc. (IDCC), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in IDCC.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 2 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $2.62 a share a month ago to its current level of $2.33.
Related Quotes
HRS
75.01
-2.36%
IDCC
48.99
-0.96%
Harris Corporation? Watchlist
75.01-1.81(2.36%)
NYSE3:09 PM EDT
Ericsson Extends Playout Services ITV Contract til 2024 Zacks 21 hrs ago
HARRIS CORP /DE/ Files SEC form 10-K, Annual Report EDGAR Online 21 hrs ago
More
Also, for the current quarter, InterDigital has seen 1 downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to 30 cents a share from 54 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped nearly 12% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Wireless Equipment sector, you may instead consider a better-ranked stock - Harris Corporation (HRS). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this time.
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 What Falling Estimates & Price Mean for InterDigital (IDCC)
Zacks By Zacks Equity Research
6 hours ago
????
Related Stories
What Falling Estimates & Price Mean for YuMe, Inc. (YUME) Zacks
Falling Earnings Estimates Signal Weakness Ahead for Now Inc. (DNOW) Zacks
Should You Get Rid of Syneron Medical (ELOS) Now? Zacks
Weakness Seen in Aegean Marine Petroleum (ANW) Estimates: Should You Stay Away? Zacks
Can Ciber (CBR) Run Higher on Strong Earnings Estimate Revisions? Zacks
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is InterDigital, Inc. (IDCC), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in IDCC.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 2 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $2.62 a share a month ago to its current level of $2.33.
Related Quotes
HRS
75.01
-2.36%
IDCC
48.99
-0.96%
Harris Corporation? Watchlist
75.01-1.81(2.36%)
NYSE3:09 PM EDT
Ericsson Extends Playout Services ITV Contract til 2024 Zacks 21 hrs ago
HARRIS CORP /DE/ Files SEC form 10-K, Annual Report EDGAR Online 21 hrs ago
More
Also, for the current quarter, InterDigital has seen 1 downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to 30 cents a share from 54 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped nearly 12% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Wireless Equipment sector, you may instead consider a better-ranked stock - Harris Corporation (HRS). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this time.
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
INTERDIGITL INC (IDCC): Free Stock Analysis Report
