Earnings Estimates Moving Higher for Alerus (ALRS): Time to Buy?

Core Viewpoint - Alerus (ALRS) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook and positive stock performance [1][2]. Current-Quarter Estimate Revisions - The earnings estimate for the current quarter is $0.43 per share, reflecting a year-over-year increase of +34.38% [4]. - The Zacks Consensus Estimate for Alerus has risen by 8.02% in the last 30 days, with two estimates increasing and no negative revisions [4]. Current-Year Estimate Revisions - For the full year, Alerus is projected to earn $2.14 per share, representing a year-over-year change of +48.61% [5]. - Over the past month, three estimates have been revised upward for Alerus, leading to a 9.18% increase in the consensus estimate [5]. Favorable Zacks Rank - Alerus currently holds a Zacks Rank 2 (Buy), indicating strong potential based on favorable estimate revisions [6]. - Research indicates that stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) tend to significantly outperform the S&P 500 [6]. Bottom Line - Alerus shares have increased by 16.9% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [7].