Lattice Semiconductor-Can Lattice (LSCC) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Lattice Semiconductor (LSCC) shows a significantly improving earnings outlook, making it a solid investment choice as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - Analysts' optimism regarding Lattice's earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2]. - The earnings estimate for the current quarter is $0.22 per share, reflecting a decrease of 24.14% from the previous year, but the Zacks Consensus Estimate has increased by 44.52% over the last 30 days with no negative revisions [4]. - For the full year, the earnings estimate is$ 1.10 per share, representing a 22.22% increase from the previous year, with a 14.74% boost in the consensus estimate and four upward revisions compared to no negative changes [5]. Zacks Rank - Lattice currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions, and historically, stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have outperformed the S&P 500 [6]. - The Zacks Rank system has shown an impressive track record, with Zacks 1 Ranked stocks generating an average annual return of +25% since 2008 [3]. Stock Performance - Lattice shares have increased by 12.4% over the past four weeks, indicating investor confidence in the company's earnings growth prospects [7].