Core Viewpoint - South Plains Financial (SPFI) shows a promising earnings outlook with analysts raising their earnings estimates, indicating potential for continued stock momentum [1][2]. Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism about the company's earnings prospects, which is expected to positively influence the stock price [2]. - For the current quarter, the earnings estimate is $0.65 per share, representing a +1.56% change from the previous year, with a 10.17% increase in consensus estimates over the last 30 days [4]. - For the full year, the earnings estimate is $2.85 per share, showing a -2.4% change from the previous year, but the consensus estimate has risen by 5.56% due to two upward revisions [5]. Zacks Rank - South Plains Financial holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock outperformance [3][6]. - Stocks with Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500 [6]. Investment Outlook - The stock has increased by 5.5% over the past four weeks due to strong estimate revisions, suggesting further upside potential, making it a candidate for portfolio addition [7].
Earnings Estimates Moving Higher for South Plains Financial (SPFI): Time to Buy?