What Makes Popular (BPOP) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Popular (BPOP) is positioned as a strong momentum stock, with recent earnings estimate revisions and positive price trends indicating potential for further gains in the near term [2][4][12]. Earnings Estimates - Over the past two months, one earnings estimate for BPOP has increased, while none have decreased, raising the consensus estimate from $8.31 to $8.36 for the full year [3]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [3]. Price Performance - BPOP shares have increased by 8.7% over the past week, outperforming the Zacks Banks - Southeast industry, which rose by 6.52% [8]. - In a longer timeframe, BPOP's monthly price change is 13.18%, compared to the industry's 11.31% [8]. - Over the past quarter, BPOP shares have risen by 12.81%, and they are up 51.88% over the last year, significantly outperforming the S&P 500, which has moved 11.69% and 26.6% respectively [9]. Momentum Style Score - BPOP currently holds a Momentum Style Score of B, indicating strong momentum characteristics [4][11]. - The Zacks Rank for BPOP is 2 (Buy), suggesting that stocks with this rating and a Style Score of A or B tend to outperform the market in the following month [12]. Trading Volume - BPOP's average 20-day trading volume is 337,477 shares, which serves as a baseline for price-to-volume analysis [13].