Can Astronics (ATRO) Run Higher on Rising Earnings Estimates?

Core Insights - Astronics Corporation (ATRO) has shown solid improvement in earnings estimates, indicating a positive outlook for the company [1][2] - The stock has gained momentum, and the trend is expected to continue due to improving earnings forecasts [1][2] Earnings Estimate Revisions - The current-quarter earnings estimate is $0.33 per share, reflecting a significant increase of +725% compared to the previous year [5] - The Zacks Consensus Estimate for the current quarter has risen by 6.45% over the last 30 days, with no negative revisions [5] - For the full year, the expected earnings are $1.50 per share, representing a +37.61% change from the prior year [6] - The consensus estimate for the current year has increased by 16.28% over the same time frame [7] Analyst Sentiment - There is strong agreement among analysts in raising earnings estimates for Astronics, contributing to a higher consensus estimate for both the next quarter and the full year [3][6] - The Zacks Rank system currently rates Astronics as 1 (Strong Buy), indicating a favorable outlook based on estimate revisions [8] Stock Performance - Astronics' stock has increased by 21.1% over the past four weeks, driven by strong estimate revisions [9] - The potential for further upside in the stock remains, suggesting it may be a good addition to investment portfolios [9]