Jackson Financial (JXN) Upgraded to Buy: Here's Why

Core Viewpoint - Jackson Financial (JXN) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - For Jackson Financial, the increase in earnings estimates suggests an improvement in the company's underlying business, likely leading to higher stock prices [5][8]. Earnings Estimate Revisions - Jackson Financial is projected to earn $18.77 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 46.2% [8]. - Over the past three months, the Zacks Consensus Estimate for Jackson Financial has risen by 3.9%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, highlighting their potential for market-beating returns [9][10]. - Jackson Financial's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a favorable outlook for price movement in the near term [10].