Five9(US:FIVN) ZACKSยท2024-11-13 18:00Core Viewpoint - Five9 (FIVN) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the importance of changing earnings estimates in determining stock price movements, with a strong correlation established between earnings estimate revisions and near-term stock performance [4][6]. - Rising earnings estimates for Five9 indicate an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [5]. Zacks Rating System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10]. Earnings Estimate Revisions for Five9 - Five9 is projected to earn $2.28 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 11.2% [8]. - Over the past three months, the Zacks Consensus Estimate for Five9 has surged by 205.9%, highlighting a significant upward revision trend [8].