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

Core Viewpoint - SmarFinancial (SMBK) is experiencing solid improvements in earnings estimates, which is likely to positively impact its stock price in the near term [1][2]. Earnings Estimates - Analysts are increasingly optimistic about SmarFinancial's earnings prospects, leading to higher estimates that should reflect in the stock price [2]. - The consensus earnings estimate for the current quarter is $0.63 per share, indicating a year-over-year increase of +36.96% [6]. - For the full year, the earnings estimate stands at $2.58 per share, representing a change of +24.64% from the previous year [7]. Estimate Revisions - Over the past month, two estimates for the current year have moved higher, while no negative revisions have occurred, resulting in a 5.42% increase in the consensus estimate [8]. - The Zacks Consensus Estimate for the current quarter has increased by 6.82% due to one upward revision and one downward revision in the last 30 days [6]. Zacks Rank - SmarFinancial currently holds a Zacks Rank 1 (Strong Buy), which is based on the positive estimate revisions and has a proven track record of outperforming the market [9]. - Stocks with a Zacks Rank 1 and 2 significantly outperform the S&P 500, indicating strong investment potential [9]. Stock Performance - The stock has gained 6.8% over the past four weeks, reflecting investor confidence driven by solid estimate revisions [10].