Can Range Resources (RRC) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Range Resources (RRC) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook that may continue to drive stock performance [1][2]. Current-Quarter Estimate Revisions - For the current quarter, Range Resources is projected to earn $0.55 per share, reflecting a decrease of 12.7$2.08 per share, which is a decline of 13.33% from the prior year. Similar to the current quarter, five estimates have been revised upward in the past month, resulting in a 5% increase in the consensus estimate [5]. Favorable Zacks Rank - The positive trend in estimate revisions has earned Range Resources a Zacks Rank of 2 (Buy), indicating strong potential for outperformance compared to the S&P 500. Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically shown significant outperformance [6]. Bottom Line - The stock has appreciated by 20.1% over the past four weeks, driven by solid estimate revisions, suggesting that Range Resources may be a worthwhile addition to investment portfolios [7].