Earnings Estimates Rising for Zions (ZION): Will It Gain?

Core Viewpoint - Zions (ZION) is experiencing solid improvements in earnings estimates, leading to positive short-term price momentum and a favorable earnings outlook [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Zions' earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, the earnings estimate is $1.42 per share, reflecting a +3.7% change from the previous year, with a 7.16% increase in the Zacks Consensus Estimate due to six upward revisions [6]. - For the full year, the earnings estimate stands at $5.56 per share, representing a +12.3% change from the prior year, with a 5.18% increase in the consensus estimate following seven upward revisions [7][8]. Zacks Rank - Zions currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts in revising earnings estimates upward, which historically correlates with stock performance [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [9]. Stock Performance - Zions has seen a 12.8% gain in stock price over the past four weeks, driven by solid estimate revisions and promising earnings growth prospects [10].