Core Viewpoint - CrossFirst Bankshares (CFB) has received an upgrade to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is primarily based on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, making the Zacks rating system valuable for investors [3][5]. - The recent upgrade for CrossFirst indicates a positive outlook on its earnings, which could positively affect its stock price [4][6]. Performance Metrics - For the fiscal year ending December 2024, CrossFirst is expected to earn $1.57 per share, reflecting a 6.8% increase from the previous year [9]. - Over the past three months, the Zacks Consensus Estimate for CrossFirst has risen by 2.6%, indicating a trend of increasing earnings estimates [9]. 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 [8]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [10][11].
CrossFirst (CFB) Upgraded to Strong Buy: What Does It Mean for the Stock?