Ranger Energy Services-Earnings Estimates Moving Higher for Ranger Energy (RNGR): Time to Buy?

Core Viewpoint - Ranger Energy (RNGR) shows a significantly improving earnings outlook, making it a solid investment choice as analysts continue to raise their earnings estimates for the company [1][2]. Current-Quarter Estimate Revisions - The expected earnings for the current quarter are $0.28 per share, reflecting a year-over-year decrease of 26.32% - Over the past 30 days, the Zacks Consensus Estimate for Ranger Energy has increased by 100%, with one estimate moving higher and no negative revisions [4]. Current-Year Estimate Revisions - For the full year, the expected earnings are$ 0.77 per share, indicating a year-over-year decline of 18.95% - The consensus estimate has seen a significant increase of 140.63% over the past month, with one estimate moving higher and no negative revisions [5]. Favorable Zacks Rank - The positive estimate revisions have led Ranger Energy to achieve a Zacks Rank 2 (Buy), indicating strong potential for outperformance compared to the S&P 500 - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the market [6]. Bottom Line - Strong estimate revisions have resulted in a 5.7% increase in Ranger Energy's stock price over the past four weeks, suggesting further upside potential and making it a candidate for portfolio addition [7].