June 21, 2024


Unlimited Technology

Surging Earnings Estimates Signal Good News for SailPoint Technologies (SAIL)

SailPoint Technologies Holdings, Inc. SAIL is an identity governance software solutions provider that could be an interesting play for investors.  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 SAIL’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 SailPoint Technologies could be a solid choice for investors.

Current Quarter Estimates for SAIL

In the past 30 days, one estimate has gone higher for SailPoint Technologies while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 5 cents a share 30 days ago, to a loss of 3 cents today, a move of 40%.

Current Year Estimates for SAIL

Meanwhile, SailPoint Technologies’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 4 cents per share 30 days ago to 5 cents per share today, an increase of 25%.

SailPoint Technologies Holdings, Inc. Price and Consensus

SailPoint Technologies Holdings, Inc. Price and Consensus

SailPoint Technologies Holdings, Inc. price-consensus-chart | SailPoint Technologies Holdings, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 19.7% 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 #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.

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it’s predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce “the world’s first trillionaires,” but that should still leave plenty of money for regular investors who make the right trades early.

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