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Earnings Estimates Rising for WisdomTree, Inc. (WT): Will It Gain?
WisdomTreeWisdomTree(US:WT) ZACKSยท2024-07-31 17:20

Core Viewpoint - WisdomTree, Inc. (WT) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating improving earnings outlook and potential for continued stock price gains [1][2]. Current-Quarter Estimate Revisions - For the current quarter, WisdomTree is projected to earn $0.16 per share, reflecting a 60% increase from the same period last year. Over the past 30 days, two estimates have been revised upward, with no negative revisions, leading to a 6.67% increase in the Zacks Consensus Estimate [4]. Current-Year Estimate Revisions - For the full year, the expected earnings per share is $0.61, representing a year-over-year increase of 64.86%. In the last month, three estimates have been raised with no negative revisions, resulting in a 7.69% increase in the consensus estimate [5]. Favorable Zacks Rank - The positive revisions in earnings estimates have earned WisdomTree a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance compared to the S&P 500. Stocks with this ranking have historically shown significant returns [6]. Bottom Line - Investors are increasingly optimistic about WisdomTree, as evidenced by a 19.7% stock price increase over the past four weeks, suggesting that the company's earnings growth prospects may lead to further stock appreciation [7].