Core Viewpoint - CoreCard Corporation (CCRD) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][3] Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism, which is expected to positively impact the stock price [2] - For the current quarter, CoreCard is projected to earn $0.17 per share, indicating a year-over-year increase of +88.89%, with the Zacks Consensus Estimate rising by 166.67% due to one upward revision [4] - For the full year, the expected earnings are $0.57 per share, representing a +9.62% change from the previous year, with the consensus estimate increasing by 45.46% following one upward revision [5] Zacks Rank - CoreCard currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts on the positive earnings revisions, which historically correlate with stock performance [6] - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [6] Market Performance - The stock has gained 5.5% over the past four weeks, driven by solid estimate revisions, suggesting potential for further growth in earnings and stock price [7]
Can CoreCard (CCRD) Run Higher on Rising Earnings Estimates?