Can AdvanSix (ASIX) Run Higher on Rising Earnings Estimates?

Core Viewpoint - AdvanSix (ASIX) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating improving earnings outlook and potential stock price appreciation [1][2]. Current-Quarter Estimate Revisions - For the current quarter, AdvanSix is projected to earn $0.63 per share, reflecting a substantial increase of +275% compared to the same quarter last year [3]. - In the past 30 days, there has been one upward revision in estimates with no negative revisions, leading to a 33.33% increase in the Zacks Consensus Estimate [3]. Current-Year Estimate Revisions - For the full year, the expected earnings per share for AdvanSix is$ 1.71, which represents a year-over-year decline of -20.09% [4]. - The trend for current-year estimates is positive, with one upward revision and no negative revisions in the last month, resulting in a 19.34% increase in the consensus estimate [4]. Favorable Zacks Rank - The positive revisions in earnings estimates have earned AdvanSix a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [5]. - Research indicates that stocks with a Zacks Rank of 1 and 2 significantly outperform the S&P 500 [5]. Bottom Line - AdvanSix shares have increased by 18.1% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [6].