Earnings Estimates Moving Higher for Sierra Bancorp (BSRR): Time to Buy?

Core Viewpoint - Sierra Bancorp is experiencing positive estimate revisions, indicating strong earnings growth potential, which has led to a significant increase in its stock price over the past month [2][3][4]. Current-Quarter Estimate Revisions - Over the past month, two earnings estimates for Sierra Bancorp have been revised upward, with no negative revisions, resulting in a 5.41% increase in the consensus estimate [2]. - The company is projected to earn $0.73 per share for the current quarter, reflecting a year-over-year increase of 7.35% [7]. - The Zacks Consensus Estimate for the current quarter has risen by 18.15% due to three upward revisions and no negative changes [7]. Current-Year Estimate Revisions - For the full year, the earnings estimate stands at $2.58 per share, which is a 9.32% increase compared to the previous year [8]. Favorable Zacks Rank - Sierra Bancorp has achieved a Zacks Rank of 1 (Strong Buy) due to the favorable estimate revisions, which is a strong indicator for potential stock performance [9]. - Historical data shows that stocks with a Zacks Rank of 1 and 2 significantly outperform the S&P 500 [9]. Stock Performance - Sierra Bancorp shares have increased by 43.5% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [3][4].