Can Nicolet Bankshares (NIC) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Nicolet Bankshares (NIC) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Nicolet Bankshares' earnings prospects, which is expected to positively impact its stock price [2]. - The earnings estimate for the current quarter is $1.98 per share, reflecting a year-over-year increase of +7.03% [4]. - Over the last 30 days, the Zacks Consensus Estimate for the current quarter has risen by 10.61%, with one estimate moving higher and no negative revisions [4]. - For the full year, the expected earnings are $7.74 per share, representing a year-over-year change of +15.18% [5]. - In the past month, two estimates for the current year have increased, leading to a 5.96% rise in the consensus estimate [5]. Zacks Rank - Nicolet Bankshares has achieved a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates [6]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [3][6]. - Stocks with Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [6]. Stock Performance - Shares of Nicolet Bankshares have increased by 9.3% over the past four weeks, suggesting investor confidence in its earnings growth prospects [7].