Earnings Estimates Moving Higher for Vitacost.com (VITC): Time to Buy?

Vitacost.com, Inc. (VITC) is a retail 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 VITC’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 Vitacost.com could be a solid choice for investors.

Current Quarter Estimates for VITC

In the past 30 days, 1 estimate has gone higher for Vitacost.com with no downward revision in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 10 cents per share to a loss of 9 cents per share, a move of 10.0%.

Current Year Estimates for VITC

Meanwhile, Vitacost.com’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, narrowing from a loss of 38 cents per share to a loss of 30 cents per share, a move of 21.1%.

Bottom Line

The stock has also started to move higher lately, adding 32.3% 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 #2 (Buy) stock to profit in the near future.

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