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Increased Earnings Estimates Seen for BrightSphere Investment (BSIG): Can It Move Higher?

Zacks Equity Research
·2-min read

BrightSphere Investment Group Inc. BSIG is a diversified asset management 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 BSIG’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 BrightSphere Investment could be a solid choice for investors.

Current Quarter Estimates for BSIG

In the past 30 days, two estimates have gone higher for BrightSphere Investment while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 31 cents a share 30 days ago, to 35 cents today, a move of 12.9%.

Current Year Estimates for BSIG

Meanwhile, BrightSphere Investment’s current year figures are also looking quite promising, with two 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 $1.38 per share 30 days ago to $1.54 per share today, an increase of 11.6%.

BrightSphere Investment Group Inc. Price and Consensus

BrightSphere Investment Group Inc. Price and Consensus
BrightSphere Investment Group Inc. Price and Consensus

BrightSphere Investment Group Inc. price-consensus-chart | BrightSphere Investment Group Inc. Quote

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Bottom Line

The stock has also started to move higher lately, adding 39.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Zacks Investment Research