Investors hope Abaxis
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Abaxis, with five of nine rating it a buy and the remainder rating it a hold. Analysts like Abaxis better than competitor SonoSite overall. Analysts still rate the stock a hold, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $41 million in revenue this quarter. That would represent a rise of 14% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.16 per share. Estimates range from $0.14 to $0.20.
What our community says:
CAPS All-Stars are solidly behind the stock with 95.8% giving it an "outperform" rating. The community at large backs the All-Stars with 91.3% awarding it a rating of "outperform." Fools have embraced Abaxis, though the message boards have been quiet lately with only 65 posts in the past 30 days. Even with a robust four out of five stars, Abaxis' CAPS rating falls a little short of the community's upbeat outlook.
Abaxis' income has fallen year over year by an average of 2.5% over the past five quarters. Revenue has now gone up for three straight quarters.
One final thing: If you want to keep tabs on Abaxis movements, and for more analysis on the company, make sure you add it to your Watchlist.
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