Industry Overview - Online gambling is one of the fastest-growing industries in North America, driven by the legalization of the sector in more states, which is viewed as a potential source of tax revenue [1] Company Insights - Most companies in the online gambling industry are capitalizing on the growth opportunities presented by the expanding legal framework [1]

Core Viewpoint - Gambling.com Group Limited (GAMB) has received a Zacks Rank 2 (Buy) upgrade due to an upward trend in earnings estimates, indicating potential for stock price increase [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Gambling.com is projected at $0.88 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 76% [9]. - Over the past three months, the Zacks Consensus Estimate for Gambling.com has risen by 4%, indicating positive sentiment among analysts [9]. Zacks Rating System - The Zacks rating system is based solely on a company's changing earnings picture, which is a key driver of stock price movements [2][3]. - The system classifies stocks into five groups, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating, highlighting superior earnings estimate revisions [10][11]. - Historically, Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, showcasing the effectiveness of the rating system [8]. Market Implications - The upgrade to Zacks Rank 2 positions Gambling.com in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11]. - Rising earnings estimates are correlated with increased buying pressure from institutional investors, which can lead to significant stock price movements [5][6].

Group 1 - Gambling.com Group Limited (GAMB) has shown a year-to-date performance of approximately 47.9%, outperforming the Business Services sector, which has returned an average of 23.4% [8] - The Zacks Consensus Estimate for GAMB's full-year earnings has increased by 11% in the past quarter, indicating a positive trend in analyst sentiment [3] - Gambling.com Group Limited currently holds a Zacks Rank of 2 (Buy), suggesting a favorable earnings outlook [2] Group 2 - Gambling.com Group Limited is part of the Advertising and Marketing industry, which has seen a decline of about 4.6% year-to-date, indicating that GAMB is performing better than its industry peers [7] - The Business Services group, which includes GAMB, ranks 4 within the Zacks Sector Rank, highlighting its relative strength among 16 different groups [6] - Another stock in the Business Services sector, Lesaka Technologies (LSAK), has a year-to-date return of 59.3% and also holds a Zacks Rank of 2 (Buy), indicating strong performance within the sector [4][5]

Core Insights - The article emphasizes the importance of confirming sound fundamentals and positive earnings estimates to sustain stock momentum, particularly for short-term trading strategies [1] Company Overview - Gambling.com Group Limited (GAMB) has shown a significant price increase of 44.9% over a 12-week period, indicating strong investor interest and potential upside [2] - GAMB is currently trading at 81.3% of its 52-week high-low range, suggesting it may be on the verge of a breakout [5] - The stock has maintained a price increase of 11.1% over the past four weeks, confirming that the upward trend is still intact [9] Investment Ratings - GAMB holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [14] - The average broker recommendation for GAMB is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [10] Investment Strategies - The "Recent Price Strength" screen is highlighted as a useful tool for identifying stocks with sufficient fundamental strength to maintain their uptrend, particularly those trading in the upper portion of their 52-week range [8] - The Zacks Rank stock-rating system has a proven track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988, indicating a reliable method for stock selection [3]

Industry Overview - The Zacks Advertising and Marketing industry is expected to return to pre-pandemic levels due to increased service activities and a rise in digital marketing [1][3] - Key players in the industry include Interpublic and Omnicom, with a focus on adapting to post-pandemic demands [3] Economic Factors - The industry benefits from economic recovery, with GDP growth of 2.8% in Q3 2024, following a 3% increase in Q2 2024 [4] - The Services PMI has remained above 50% for 51 of the last 54 months, indicating strong economic activity in the non-manufacturing sector [4] Demand and Revenue Trends - The industry is mature, with stable demand for services, and revenues are expected to reach pre-pandemic levels, allowing for stable dividends [5] - Digital media consumption is increasing, positioning agencies that offer digital marketing services for growth [6] Industry Performance - The Zacks Advertising and Marketing industry has underperformed the S&P 500, with a growth of 5.8% compared to the S&P 500's 30.4% and the broader sector's 24.8% over the past year [9] Valuation Metrics - The industry is currently trading at a forward P/E ratio of 10.37X, significantly lower than the S&P 500's 22.66X and the sector's 25.7X [11] Stock Recommendations - **Gambling.com Group Limited (GAMB)**: Expected to benefit from digitization trends, with a 76% year-over-year earnings increase anticipated for 2024 and shares gaining 99.5% in the past six months [13][14] - **Integral Ad Science Holding Corp. (IAS)**: Anticipated to see over 100% earnings growth year-over-year in 2024, with shares up 10.1% in the past six months [16][18] - **Stagwell Inc. (STGW)**: Projected earnings growth of 41.5% year-over-year in 2024, with shares gaining 11.1% in the past six months [19][20]

Core Viewpoint - Gambling.com Group Limited (GAMB) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price appreciation [1][2]. Current-Quarter Estimate Revisions - The company is projected to earn $0.25 per share for the current quarter, reflecting a year-over-year increase of +38.89% - The Zacks Consensus Estimate for Gambling.com has risen by 5.38% in the last 30 days, with two estimates increasing and one decreasing [4]. Current-Year Estimate Revisions - For the full year, Gambling.com is expected to earn $0.88 per share, representing a +76% change from the previous year - Over the past month, three estimates have been revised upward with no negative revisions, leading to a 10.97% increase in the consensus estimate [5]. Favorable Zacks Rank - The positive revisions in earnings estimates have resulted in Gambling.com achieving a Zacks Rank 2 (Buy), indicating strong potential for outperformance - Research indicates that stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) tend to significantly outperform the S&P 500 [6]. Bottom Line - Gambling.com shares have increased by 31.7% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects, making it a candidate for portfolio inclusion [7].

Core Viewpoint - The article emphasizes the importance of timing and sustainability in stock trends for successful short-term investing, highlighting the need for strong fundamentals to maintain momentum [1][2]. Group 1: Stock Performance - Gambling.com Group Limited (GAMB) has shown a solid price increase of 34.6% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - Over the last four weeks, GAMB's price has increased by 36.1%, suggesting that the upward trend is still intact [5]. - GAMB is currently trading at 96.6% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - GAMB holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like GAMB that are on an uptrend supported by strong fundamentals [3]. - The article suggests that investors should consider other stocks that meet similar criteria for potential investment opportunities [8].

Company Overview - Gambling.com Group Limited (GAMB) currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - GAMB shares have increased by 1.69% over the past week, outperforming the Zacks Advertising and Marketing industry, which rose by 0.9% [6] - Over the past month, GAMB's price change is 40.93%, significantly higher than the industry's 1.83% [6] - In the last quarter, GAMB shares have risen by 32.02%, and over the past year, they have gained 36.33%, while the S&P 500 has moved 7.45% and 33.18%, respectively [7] Trading Volume - The average 20-day trading volume for GAMB is 297,233 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Estimates - In the past two months, three earnings estimates for GAMB have been revised upwards, increasing the consensus estimate from $0.79 to $0.87 [10] - For the next fiscal year, three estimates have moved up while one has been revised down [10] Conclusion - Given the positive momentum indicators and earnings outlook, GAMB is positioned as a promising investment opportunity with a Momentum Score of B [11]

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Gambling.com Group Limited (GAMB) closed the last trading session at $11.96, gaining 22.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $15.14 indicates a 26.6% upside potential.The average comprises seven short-term price targets ranging from a low of $13 to a high of $18, with a standard deviation of $1.68. While the lowest estimate indicates an increase of 8.7% from the curre ...