Can Amalgamated Financial (AMAL) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Amalgamated Financial (AMAL) is experiencing solid improvements in earnings estimates, which is likely to drive its stock price higher due to positive short-term price momentum [1][2]. Earnings Estimates - Analysts are increasingly optimistic about Amalgamated Financial's earnings prospects, leading to higher estimates that correlate with stock price movements [2]. - The Zacks Rank system indicates strong agreement among analysts in revising earnings estimates upward, resulting in significant improvements for the next quarter and full year [3]. Current Quarter Estimates - For the current quarter, Amalgamated Financial is expected to earn $0.87 per share, reflecting a +20.83% change from the previous year's reported number [4]. - Over the last 30 days, the Zacks Consensus Estimate has increased by 10.83%, with one estimate moving higher and no negative revisions [4]. Current Year Estimates - The company is projected to earn $3.46 per share for the full year, representing a +17.69% change from the prior year [5]. - The consensus estimate for the current year has increased by 5.65%, with one estimate moving higher and no negative revisions [5]. Zacks Rank - Amalgamated Financial has achieved a Zacks Rank 2 (Buy), indicating promising estimate revisions that can help investors make informed decisions [5]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6]. Stock Performance - The stock has gained 10.1% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [7].