Can Fulton Financial (FULT) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Fulton Financial (FULT) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Earnings Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Fulton Financial's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, earnings are projected at $0.44 per share, representing a 10% increase from the previous year, with a 5.24% rise in consensus estimates over the last 30 days [4]. - For the full year, earnings are expected to be$ 1.89 per share, a 2.16% increase from the prior year, with a 6.07% increase in consensus estimates and five upward revisions in the past month [5]. Zacks Rank and Performance - Fulton Financial has achieved a Zacks Rank 2 (Buy), indicating promising estimate revisions that suggest potential outperformance compared to the S&P 500 [6]. - Historically, stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have significantly outperformed the S&P 500 [6]. Stock Performance - Fulton Financial shares have increased by 6% over the past four weeks, indicating investor confidence in the company's earnings growth prospects [7].