Core Viewpoint - Kolibri Global Energy Inc. (KGEI) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][3]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding KGEI's earnings prospects, which is expected to positively impact its stock price [2]. - The current-quarter earnings estimate is projected at $0.15 per share, reflecting a year-over-year increase of +7.14%. Over the last 30 days, the consensus estimate has risen by 31.82% due to one upward revision and no negative changes [5]. - For the full year, the earnings estimate stands at $0.49 per share, representing a decrease of -18.33% from the previous year. However, the consensus estimate has increased by 21.25% over the past month, with one upward revision and no negative changes [6]. Zacks Rank - The positive estimate revisions have led KGEI to achieve a Zacks Rank 2 (Buy), indicating strong agreement among analysts regarding the company's earnings outlook [7]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting a favorable investment environment for KGEI [8]. Stock Performance - KGEI's stock has increased by 44.2% over the past four weeks due to strong estimate revisions, indicating potential for further upside and making it a candidate for portfolio addition [9].
Earnings Estimates Rising for Kolibri Global Energy Inc. (KGEI): Will It Gain?