Core Viewpoint - Wireless Ronin Technologies Inc. (CREX) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook due to an upward trend in earnings estimates [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based on the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years [2]. - Changes in earnings estimates are strongly correlated with near-term stock price movements, making the Zacks rating system useful for investors [3][5]. Impact of Institutional Investors - Institutional investors utilize earnings estimates to determine the fair value of a company's shares, influencing stock price movements through their large transactions [5]. Business Improvement Indicators - The upgrade in Zacks Rank for Wireless Ronin Technologies suggests an improvement in the company's underlying business, which could lead to increased stock prices as investors respond positively [6]. Earnings Estimate Revisions - Wireless Ronin Technologies is projected to earn -$0.17 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 51.4% [9]. - Over the past three months, the Zacks Consensus Estimate for the company has increased by 142.3%, indicating a significant upward revision in earnings estimates [9]. Zacks Rank System Overview - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a strong historical performance of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [8]. - The upgrade to Zacks Rank 2 places Wireless Ronin Technologies in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10][11].
Wireless Ronin Technologies (CREX) Upgraded to Buy: Here's What You Should Know