Woori Bank (WF) Upgraded to Buy: Here's Why

Core Viewpoint - Woori Bank has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2] Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5] - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3] Company Performance and Outlook - The upgrade for Woori Bank indicates an improvement in its underlying business, which is expected to positively influence its stock price [4] - Woori Bank's earnings estimate for the fiscal year ending December 2025 is projected at $8.53 per share, reflecting a year-over-year change of -1.8% [7] - Over the past three months, the Zacks Consensus Estimate for Woori Bank has increased by 1.1% [7] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [6] - Woori Bank's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [9]