Jackson Financial (JXN) Upgraded to Strong Buy: Here's What You Should Know

Core Viewpoint - Jackson Financial (JXN) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][2][4]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [3][5]. - For the fiscal year ending December 2024, Jackson Financial is projected to earn $18.79 per share, reflecting a 46.3% increase from the previous year [7]. - Over the past three months, the Zacks Consensus Estimate for Jackson Financial has risen by 8.4% [7]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [8][9].