Can Charles Schwab (SCHW) Run Higher on Rising Earnings Estimates?

Earnings Estimate Revisions - The earnings outlook for Charles Schwab is improving, with notable upward revisions in earnings estimates [1] - Consensus earnings estimates for the next quarter and full year have moved considerably higher due to strong agreement among analysts [3] - For the current quarter, the company is expected to earn $0.96 per share, a 29.73$4.19 per share represents a 28.92% increase from the year-ago number [5] - Over the past month, nine estimates have moved up for Charles Schwab versus one negative revision, pushing the consensus estimate 7.41% higher [5] Stock Performance and Investment Potential - The stock has gained 9.4% over the past four weeks, driven by strong estimate revisions and decent investments [7] - Further upside may still be left in the stock, making it a potential addition to portfolios [7] Zacks Rank and Analyst Optimism - Charles Schwab has earned a Zacks Rank 2 (Buy) due to promising estimate revisions [6] - The Zacks Rank system has a strong track record, with Zacks 1 Ranked stocks generating an average annual return of +25% since 2008 [3] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500 [6] - Analysts' growing optimism on the earnings prospects of Charles Schwab is driving estimates higher, which should be reflected in its stock price [2]