Nissan Motor Co. (NSANY) Upgraded to Buy: Here's Why

Core Viewpoint - Nissan Motor Co. has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Nissan suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5][10]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7][9]. - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [10]. Recent Earnings Estimate Revisions - For the fiscal year ending March 2025, Nissan is expected to earn $1.33 per share, reflecting a -30% change from the previous year, but the Zacks Consensus Estimate has increased by 9.6% over the past three months [8].