Powell(POWL) ZACKS·2024-11-25 18:21Earnings Estimate Revisions - Earnings estimates for Powell Industries have shown solid improvement recently, reflecting growing optimism among analysts [1][2] - Consensus earnings estimates for the next quarter and full year have moved considerably higher, with strong agreement among analysts in raising estimates [3] - For the current quarter, the company is expected to earn 14 06 per share, representing a 14 4% increase from the prior-year number [5] - The current-year estimate revisions trend is promising, with one estimate moving higher over the past month and a 13 02% increase in the consensus estimate [5] Stock Performance and Zacks Rank - Powell Industries shares have gained 14% over the past four weeks, indicating investor confidence in its earnings growth prospects [7] - The company has earned a Zacks Rank 1 (Strong Buy), reflecting its favorable estimate revisions [6] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500, based on research [6] - The Zacks Rank system has a strong track record, with Zacks 1 Ranked stocks generating an average annual return of +25% since 2008 [3] Investment Opportunity - The upward trend in earnings estimate revisions for Powell Industries suggests potential for continued stock price momentum [1][2] - Investors may consider adding Powell Industries to their portfolio to benefit from its earnings growth prospects [7]