Core Viewpoint - Wireless Ronin Technologies Inc. (CREX) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling pressure that affects stock prices [4]. Recent Developments for Wireless Ronin Technologies - The company is projected to earn -$0.17 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 51.4% [8]. - Over the past three months, the Zacks Consensus Estimate for Wireless Ronin Technologies has increased by 110%, indicating a significant upward revision in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade to Zacks Rank 2 places Wireless Ronin Technologies in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].
All You Need to Know About Wireless Ronin Technologies (CREX) Rating Upgrade to Buy