After Plunging -12.12% in 4 Weeks, Here's Why the Trend Might Reverse for AAR (AIR)

Core Viewpoint - AAR (AIR) stock has experienced a significant decline of 12.1% over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround as analysts expect better earnings than previously predicted [1] Group 1: Stock Performance and Indicators - The stock is currently in oversold territory with an RSI reading of 26.96, indicating that the heavy selling pressure may be exhausting itself [5] - A stock is generally considered oversold when its RSI falls below 30, which is a common technical indicator used to assess price movements [2][3] Group 2: Earnings Estimates and Analyst Consensus - Over the last 30 days, the consensus EPS estimate for AIR has increased by 0.1%, indicating a positive trend in earnings estimate revisions [6] - There is strong agreement among sell-side analysts regarding the company's ability to report better earnings, which typically leads to price appreciation [6] Group 3: Zacks Rank and Investment Potential - AIR currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [7]