Core Viewpoint - Flushing Financial (FFIC) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimate Revisions - Analysts are optimistic about Flushing Financial's earnings prospects, leading to upward revisions in estimates, which are expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, with Flushing Financial benefiting from this trend [2][3]. Current-Quarter Estimates - For the current quarter, Flushing Financial is projected to earn 0.78 per share, representing an 18.75% decrease from the previous year [5]. - Recent trends show two upward revisions for the current year, resulting in an 8.78% increase in the consensus estimate [5]. Zacks Rank - Flushing Financial has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong potential for outperformance [6]. - Stocks with a Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [6]. Investment Outlook - The stock has risen 5.4% over the past four weeks due to strong estimate revisions, suggesting further upside potential [7]. - Investors may consider adding Flushing Financial to their portfolios based on its positive outlook [7].
Surging Earnings Estimates Signal Upside for Flushing Financial (FFIC) Stock