Earnings Estimates Moving Higher for Byrna Technologies (BYRN): Time to Buy?

Core Insights - Byrna Technologies Inc. (BYRN) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum [1][7] - The rising trend in estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively impact its stock price [2][3] Current-Quarter Estimate Revisions - For the current quarter, Byrna Technologies is expected to earn $0.04 per share, representing a 300% increase from the same period last year [4] - Over the last 30 days, the Zacks Consensus Estimate for the company has increased by 75%, with two estimates moving higher and no negative revisions [4] Current-Year Estimate Revisions - For the full year, the expected earnings per share is$ 0.17, indicating a year-over-year change of 194.44% [5] - The consensus estimate has risen by 61.9% over the past month, with one estimate moving up and no negative revisions [5] Zacks Rank - Byrna Technologies has achieved a Zacks Rank of 2 (Buy), indicating favorable estimate revisions that may help investors make informed decisions [6] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6] Bottom Line - The stock has gained 10.6% over the past four weeks, driven by solid estimate revisions, suggesting potential for further earnings growth [7]