Earnings Estimates Moving Higher for Flushing Financial (FFIC): Time to Buy?

Core Viewpoint - Flushing Financial (FFIC) shows a promising investment opportunity due to its improving earnings outlook and analysts raising earnings estimates [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Flushing Financial's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, the earnings estimate is $0.22 per share, reflecting a 12% decrease from the previous year, but the consensus estimate has increased by 7.5% over the last 30 days [4]. - For the full year, the expected earnings are $0.75 per share, representing a year-over-year decline of 21.88%, yet there has been a positive trend with a 5.16% increase in the consensus estimate due to upward revisions [5]. Zacks Rank - Flushing Financial currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts in revising earnings estimates upward, which historically correlates with stock performance [6]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [6]. Stock Performance - The stock has appreciated by 16.6% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [7].