Surging Earnings Estimates Signal Upside for S&T Bancorp (STBA) Stock

Core Viewpoint - S&T Bancorp (STBA) shows a promising earnings outlook with analysts raising their earnings estimates, indicating potential for continued stock momentum [1][4][10] Earnings Estimates - The Zacks Consensus Estimate for S&T Bancorp has increased by 8.61% over the last 30 days, with two estimates going higher and no negative revisions [3] - For the full year, the company is expected to earn $3.22 per share, reflecting a year-over-year decline of 13.9% [4] - The current quarter estimate is projected at $0.82 per share, which represents a year-over-year change of -5.75% [8] Analyst Sentiment - The revisions trend for S&T Bancorp appears positive, with three estimates moving higher in the past month and no negative revisions [4] - The company has achieved a Zacks Rank 1 (Strong Buy), indicating strong analyst optimism regarding its earnings prospects [5][10] Stock Performance - S&T Bancorp shares have increased by 31.2% over the past four weeks, suggesting investor confidence in the company's earnings growth potential [10] - Empirical research indicates a strong correlation between earnings estimate revisions and near-term stock price movements, supporting the positive outlook for S&T Bancorp [7][10] Consensus Agreement - There is strong agreement among covering analysts in raising earnings estimates for S&T Bancorp, indicating a favorable consensus for the company's future performance [11]