Renasant (US:RNST) ZACKSยท2025-02-06 18:06Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: Renasant (RNST) - Renasant currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [3] Performance Metrics - RNST shares have increased by 6.32% over the past week, significantly outperforming the Zacks Banks - Southeast industry, which rose by 0.43% [5] - Over the past month, RNST's price change is 12.66%, compared to the industry's 5.24% [5] - In the last quarter, RNST shares rose by 6.24%, and over the past year, they increased by 27.79%, while the S&P 500 saw gains of 5.14% and 24.19%, respectively [6] Trading Volume - RNST's average 20-day trading volume is 509,609 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for RNST have been revised upwards, with no downward revisions, raising the consensus estimate from $2.49 to $2.68 [9] - For the next fiscal year, three estimates have also moved higher without any downward revisions [9] Conclusion - Given the strong performance metrics and positive earnings outlook, RNST is positioned as a strong buy with a Momentum Score of A, making it a compelling investment option [11]