ATI Physical Therapy(US:ATIP) ZACKS·2024-09-17 17:01Core Viewpoint - ATI Physical Therapy, Inc. (ATIP) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects an optimistic earnings outlook for ATI Physical Therapy, which could lead to increased buying pressure and a rise in stock price [2]. - The company is projected to earn -$9.70 per share for the fiscal year ending December 2024, representing a year-over-year change of 69.6% [5]. Earnings Estimate Revisions - Analysts have raised their earnings estimates for ATI Physical Therapy, with the Zacks Consensus Estimate increasing by 21.6% over the past three months [5]. - The correlation between earnings estimate revisions and near-term stock movements is strong, suggesting that tracking these revisions can be beneficial for investment decisions [4]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revision features [6][7]. - The upgrade of ATI Physical Therapy to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [7].