Can Northwest Pipe Co. (NWPX) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Northwest Pipe Co. (NWPX) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price momentum [1][2]. Estimate Revisions - Analysts have shown growing optimism regarding the earnings prospects of Northwest Pipe Co., leading to a rising trend in estimate revisions [2]. - The current-quarter earnings estimate is projected at $0.88 per share, reflecting a year-over-year increase of +62.96%. Over the last 30 days, two estimates have been revised upward, resulting in a 25.71% increase in the Zacks Consensus Estimate [4]. - For the full year, the earnings estimate stands at$ 3.17 per share, indicating a +51.67% change from the previous year. The consensus estimate has increased by 7.1% due to two upward revisions in the past month [5]. Zacks Rank - Northwest Pipe Co. has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically correlate with stock performance. Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [6]. Stock Performance - The stock has gained 7.8% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects, suggesting it may be a good addition to investment portfolios [7].