Earnings Estimates Moving Higher for Fulton Financial (FULT): Time to Buy?

Core Viewpoint - Fulton Financial (FULT) is positioned as a strong investment opportunity due to a significant upward revision in earnings estimates, indicating a positive earnings outlook that may continue to drive stock performance [1][2]. Earnings Estimate Revisions - Analysts have shown growing optimism regarding Fulton Financial's earnings prospects, reflected in the upward trend of estimate revisions, which historically correlates with stock price movements [2]. - For the current quarter, the earnings estimate is $0.48 per share, representing a decrease of 4.0% from the previous year, but the Zacks Consensus Estimate has increased by 9.02% over the last 30 days due to two upward revisions [6]. - The full-year earnings estimate is projected at $1.97 per share, reflecting a 6.5% increase from the prior year, with two estimates moving higher and no negative revisions noted [7][8]. Zacks Rank and Performance - Fulton Financial currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on the positive estimate revisions [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting that Fulton Financial may continue to deliver strong returns [9]. Recent Stock Performance - Over the past four weeks, Fulton Financial shares have increased by 9.9%, indicating investor confidence in the company's earnings growth potential [10].