Can ViaSat (VSAT) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Investors are encouraged to consider ViaSat (VSAT) due to recent improvements in earnings estimates and positive stock momentum [1][7] Estimate Revisions - There is a rising trend in estimate revisions driven by growing analyst optimism regarding ViaSat's earnings prospects, which is expected to positively impact its stock price [2] - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and near-term stock price movements [2] Current-Quarter Estimate - For the current quarter, ViaSat is expected to earn $0.02 per share, reflecting a year-over-year increase of +102.78$0.12 per share, representing a change of +101.33% from the previous year [5] - The consensus estimate has increased by 79.69% due to three upward revisions and no negative changes in the past month [5] Zacks Rank - ViaSat has achieved a Zacks Rank 2 (Buy), indicating strong agreement among analysts in revising earnings estimates upward [6] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6] Stock Performance - ViaSat shares have increased by 12% over the past four weeks, suggesting investor confidence in its earnings growth prospects [7]