Sol-Gel(US:SLGL) ZACKSยท2024-11-20 18:00Core Viewpoint - Sol-Gel Technologies Ltd. (SLGL) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that rising earnings estimates can lead to higher stock prices [4][6]. - For the fiscal year ending December 2024, Sol-Gel Technologies is expected to earn -$0.56 per share, reflecting a 44.6% change from the previous year's reported number [8]. Analyst Sentiment and Market Position - Analysts have been increasing their earnings estimates for Sol-Gel Technologies, with a 2.6% rise in the Zacks Consensus Estimate over the past three months [8]. - The upgrade to Zacks Rank 2 places Sol-Gel Technologies in the top 20% of Zacks-covered stocks, indicating strong potential for near-term price appreciation [11]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of generating significant returns for top-ranked stocks [7][9]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, while the next 15% are rated as 'Buy', highlighting the selectivity and effectiveness of the rating system [9][10].