Wireless Ronin Technologies: A New Buying Opportunity
Wireless Ronin Technologies (CREX) has recently been upgraded to a Zacks Rank #2 (Buy), indicating that the company’s earnings prospects are looking increasingly optimistic. This upgrade comes as a result of several positive factors that have been influencing the company’s performance.
Improving Earnings Estimates
One of the primary reasons for the upgrade is the upward revision of earnings estimates. Over the past 60 days, the consensus estimate for CREX’s earnings has risen by 13.3%. This is a clear indication that analysts are becoming more confident in the company’s ability to deliver solid earnings in the coming quarters.
Strong Financial Position
Another factor contributing to the upgrade is Wireless Ronin Technologies’ strong financial position. The company has a cash flow per share of $1.23, which is significantly higher than the industry average of $0.37. This financial strength gives CREX a competitive edge and the ability to weather any potential economic headwinds.
Positive Surprises
CREX has also delivered positive earnings surprises in the recent past. Over the past four quarters, the company has surpassed the consensus estimate by an average of 12.2%. This trend is expected to continue, as analysts have projected a 12.3% earnings surprise for the current quarter.
Impact on Individual Investors
For individual investors, the upgrade of Wireless Ronin Technologies to a Zacks Rank #2 (Buy) is an opportunity to consider adding this stock to their portfolio. With the company’s improving earnings prospects, solid financial position, and history of positive earnings surprises, CREX is a promising investment opportunity.
Impact on the World
At a larger scale, the upgrade of Wireless Ronin Technologies to a Zacks Rank #2 (Buy) is a positive sign for the technology sector as a whole. It indicates that investors are becoming more optimistic about the earnings prospects of technology companies, which could lead to further upgrades and increased investment in the sector.
Conclusion
In conclusion, the upgrade of Wireless Ronin Technologies to a Zacks Rank #2 (Buy) is a strong signal that the company’s earnings prospects are improving. With a solid financial position, a history of positive earnings surprises, and upward revisions to earnings estimates, CREX is an attractive investment opportunity for individual investors. Furthermore, the upgrade could have a positive impact on the technology sector as a whole, leading to increased investment and optimism.
- CREX upgraded to a Zacks Rank #2 (Buy)
- Improving earnings prospects
- Solid financial position
- History of positive earnings surprises
- Positive impact on technology sector
