Earnings Estimates Moving Higher for REX (REX): Time to Buy?

Core Viewpoint - REX (REX) is showing solid improvement in earnings estimates, which may lead to continued short-term price momentum and an improving earnings outlook [1][2]. Earnings Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism regarding REX's earnings prospects, which is expected to positively impact its stock price [2]. - The current-quarter earnings estimate is $0.34 per share, representing a decrease of 41.38% from the previous year, but has increased by 30.77% over the last 30 days due to one upward revision [5]. - For the full year, the earnings estimate stands at $1.55 per share, a decline of 53.03% from the year-ago figure, yet the trend remains encouraging with one upward revision and no negative revisions in the past month [6]. Zacks Rank and Performance - REX has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong agreement among analysts in revising earnings estimates upward [3][7]. - Stocks with a Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting a positive outlook for REX [7]. Investment Outlook - REX's stock has increased by 5.3% over the past four weeks due to strong estimate revisions, indicating potential for further upside, making it a candidate for investment [8].