Can MiX Telematics (MIXT) Run Higher on Strong Earnings Estimate Revisions? – Nasdaq

MiX Telematics MIXT is a fleet and mobile asset management solutions 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 MIXT’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 MiX Telematics could be a solid choice for investors.

Current Quarter Estimates for MIXT

In the past 30 days, three estimates have gone higher for MiX Telematics while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 8 cents a share 30 days ago, to 10 cents today, a move of 25%.

Current Year Estimates for MIXT

Meanwhile, MiX Telematics’ current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 34 cents per share 30 days ago to 40 cents per share today, an increase of 17.6%.

MiX Telematics Limited Price and Consensus

MiX Telematics Limited Price and Consensus | MiX Telematics Limited Quote

Bottom Line

The stock has also started to move higher lately, adding 20.9% 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. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .

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