Surging Earnings Estimates Signal Upside for Paymentus (PAY) Stock

Core Viewpoint - Paymentus (PAY) is experiencing solid improvement in earnings estimates, which is likely to drive its stock price higher due to positive short-term price momentum [1][2]. Earnings Estimates - Current quarter earnings are expected to be $0.12 per share, reflecting a +9.09% change from the previous year [4]. - The Zacks Consensus Estimate for the current quarter has increased by 12.5% over the last 30 days, with two estimates moving higher and no negative revisions [4]. - For the full year, Paymentus is projected to earn$ 0.49 per share, indicating a year-over-year change of +53.13% [5]. - The consensus estimate for the full year has risen by 21.88% due to two upward revisions and no negative changes [5]. Zacks Rank - Paymentus has achieved a Zacks Rank 2 (Buy), indicating favorable estimate revisions that suggest strong investment potential [6]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6]. Stock Performance - The stock has gained 43.8% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [7].