Surging Earnings Estimates Signal Upside for Northrim (NRIM) Stock

Core Viewpoint - Northrim BanCorp (NRIM) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise their earnings estimates [1][2] Current-Quarter Estimate Revisions - For the current quarter, Northrim is expected to earn $1.70 per share, reflecting a year-over-year increase of +42.86% [4] - Over the past 30 days, one estimate has been revised upward with no negative revisions, leading to a 38.21% increase in the Zacks Consensus Estimate [4] Current-Year Estimate Revisions - For the full year, the expected earnings per share is $6.38, indicating a year-over-year change of +42.09% [5] - The current year's estimate revisions show one upward revision with no negative changes, resulting in a 9.43% increase in the consensus estimate [5] Favorable Zacks Rank - Northrim has achieved a Zacks Rank 1 (Strong Buy) due to positive estimate revisions, which is a reliable indicator for investors [6] - Research indicates that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [6] Bottom Line - The stock has gained 13.8% over the past four weeks, driven by solid estimate revisions, suggesting potential for further growth [7]