Core Viewpoint - Astera Labs, Inc. (ALAB) is experiencing a positive trend in earnings estimates, indicating a favorable outlook for the company's stock price [1][2]. Earnings Estimate Revisions - The current quarter's earnings estimate is $0.33 per share, reflecting a significant increase of +153.85% year-over-year [6]. - Over the past 30 days, eight analysts have raised their estimates for Astera Labs, with no negative revisions, leading to a 57.14% increase in the Zacks Consensus Estimate [6]. - For the full year, the expected earnings are $1.34 per share, representing a year-over-year change of +59.52% [7]. - In the last month, seven estimates have been revised upward for the current year, resulting in a 39.32% increase in the consensus estimate [8]. Zacks Rank and Performance - Astera Labs has achieved a Zacks Rank of 2 (Buy), indicating strong agreement among analysts regarding the positive earnings revisions [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9]. - The stock has increased by 35.1% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [10].
Earnings Estimates Moving Higher for Astera Labs, Inc. (ALAB): Time to Buy?