Core Viewpoint - Howard Hughes Holdings (HHH) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system tracks the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years, highlighting the importance of earnings revisions in stock price movements [1][4]. - For the fiscal year ending December 2024, Howard Hughes Holdings is expected to earn $3.70 per share, representing a 981% increase from the previous year's reported number [8]. - Over the past three months, the Zacks Consensus Estimate for Howard Hughes Holdings has increased by 170.6%, indicating a strong upward trend in earnings estimates [8]. Investment Implications - The upgrade to Zacks Rank 2 positions Howard Hughes Holdings in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10]. - The correlation between earnings estimate revisions and near-term stock movements suggests that tracking these revisions can be beneficial for investment decisions [6][4].
Howard Hughes Holdings (HHH) Upgraded to Buy: Here's What You Should Know