What Makes KBR (KBR) a New Strong Buy Stock

Core Viewpoint - KBR Inc. has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings potential, which is expected to drive stock price increases [1][2]. Earnings Outlook - The Zacks Consensus Estimate projects KBR to earn $3.25 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 11.7% [5]. - Over the past three months, analysts have raised their earnings estimates for KBR, with a 1% increase in the Zacks Consensus Estimate [5]. Zacks Rating System - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with stock price movements, making it a valuable tool for investors [3][4]. - KBR's upgrade to Zacks Rank 1 places it in the top 5% of stocks covered by Zacks, indicating superior earnings estimate revisions and potential for market-beating returns [6][7].