Freshworks(FRSH) ZACKS·2024-11-15 18:20Core Insights - Freshworks Inc. (FRSH) shows a significantly improving earnings outlook, making it a strong investment choice as analysts continue to raise earnings estimates [1][2] - The correlation between earnings estimate revisions and stock price movements suggests that the stock price may reflect the positive earnings outlook [2] - The Zacks Rank system indicates a favorable position for Freshworks, with a current rank of 2 (Buy), supported by strong analyst agreement on earnings estimates [3][6] Current-Quarter Estimate Revisions - For the current quarter, Freshworks is expected to earn 0.38 per share, representing a +46.15% change from the previous year [5] - Over the past month, seven estimates have been revised upward for Freshworks, leading to a 6.74% increase in the consensus estimate [5] Favorable Zacks Rank - Freshworks currently holds a Zacks Rank 2 (Buy), indicating strong potential for outperformance based on earnings estimate revisions [6] - Research indicates that stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) tend to significantly outperform the S&P 500 [6] Bottom Line - The stock has gained 44.7% over the past four weeks, driven by solid estimate revisions, suggesting that it may be a good addition to investment portfolios [7]