Earnings Estimates Rising for Idaho Strategic Resources (IDR): Will It Gain?

Core Viewpoint - Investors are encouraged to consider Idaho Strategic Resources, Inc. (IDR) due to solid improvements in earnings estimates and positive short-term price momentum, which may continue as the earnings outlook improves [1][6]. Estimate Revisions - There is strong consensus among analysts in raising earnings estimates for Idaho Strategic Resources, leading to significantly higher consensus estimates for the next quarter and the full year [2]. Current-Quarter Estimate Revisions - For the current quarter, the expected earnings per share (EPS) is $0.21, reflecting a +600% change from the previous year's reported number. Over the last 30 days, one estimate has increased with no negative revisions, resulting in a 22.22% increase in the Zacks Consensus Estimate [3]. Current-Year Estimate Revisions - The expected EPS for the full year is $0.77, indicating a +755.56% change from the prior year's figure. The trend for the current year shows one estimate moving higher with no negative revisions, contributing to a 6.94% increase in the consensus estimate [4]. Zacks Rank - Idaho Strategic Resources holds a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable rating tool that helps investors leverage earnings estimate revisions for informed investment decisions. Stocks with Zacks Rank 1 and 2 have been shown to significantly outperform the S&P 500 [5]. Stock Performance - Over the past four weeks, shares of Idaho Strategic Resources have increased by 16.1%, indicating investor confidence in the company's earnings growth prospects [6].