Perficient Inc. (PRFT) is a computer 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 PRFT’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 Perficient could be a solid choice for investors.
 
Current Quarter Estimates for PRFT
 
In the past 30 days, 1 estimate has gone higher for Perficient with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from 16 cents a share 30 days ago, to 24 cents today, making a significant move.
 
Current Year Estimates for PRFT
 
Meanwhile, Perficient’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 87 cents per share 30 days ago to $1.10 per share today, an increase of 26.4%.
 
Bottom Line
 
The stock has also started to move higher lately, adding 6.7% 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 #1 (Strong Buy) stock to profit in the near future.
 
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PERFICIENT INC (PRFT): Free Stock Analysis Report
 
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