Earnings Estimates Moving Higher for Phinia (PHIN): Time to Buy?

Core Viewpoint - Phinia (PHIN) is experiencing solid improvements in earnings estimates, which is likely to positively impact its stock price momentum [1][2]. Earnings Estimates - Analysts are increasingly optimistic about Phinia's earnings prospects, leading to higher estimates that should reflect in the stock price [2]. - The current-quarter earnings estimate is $1.16 per share, showing a year-over-year decline of 0.9%, but the Zacks Consensus Estimate has increased by 13.73% over the last 30 days with no negative revisions [6]. - For the full year, the earnings estimate stands at $4.34 per share, representing a 12.4% increase from the previous year, with two estimates moving higher recently and no negative revisions [7]. Zacks Rank - Phinia has achieved a Zacks Rank 1 (Strong Buy) due to strong agreement among analysts in revising earnings estimates upward, indicating a favorable outlook for the stock [3][8]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging a 25% annual return since 2008 [3]. Stock Performance - Phinia shares have increased by 21% over the past four weeks, reflecting investor confidence in its earnings growth prospects [9].