Earnings Estimates Rising for Gilat (GILT): Will It Gain?

Core Viewpoint - Gilat Satellite (GILT) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Gilat's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, Gilat is projected to earn $0.14 per share, marking a 27.27% increase from the previous year, with a 250% increase in the Zacks Consensus Estimate over the last 30 days [4]. - For the full year, earnings are expected to reach $0.48 per share, representing a year-over-year increase of 37.14%, with a 50% boost in the consensus estimate during the same period [5]. Zacks Rank - Gilat has achieved a Zacks Rank 2 (Buy), indicating promising estimate revisions that suggest strong potential for outperformance compared to the S&P 500 [6]. - Historically, stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have significantly outperformed the S&P 500, with Zacks 1 stocks averaging a 25% annual return since 2008 [3][6]. Stock Performance - Over the past four weeks, Gilat shares have increased by 9.7%, indicating investor confidence in the company's earnings growth prospects [7].