Earnings Estimates Moving Higher for Littelfuse (LFUS): Time to Buy?

Core Viewpoint - Investors are encouraged to consider Littelfuse (LFUS) due to solid improvements in earnings estimates and positive short-term price momentum [1][9]. Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism regarding Littelfuse's earnings prospects, which is expected to positively impact its stock price [2]. - The Zacks Rank system indicates strong agreement among analysts in revising earnings estimates upward, leading to significant improvements in consensus estimates for both the next quarter and the full year [3]. Current-Quarter Estimates - For the current quarter, Littelfuse is expected to earn $2.64 per share, representing a decrease of 2.6% from the previous year, but the Zacks Consensus Estimate has increased by 9.56% over the last 30 days with no negative revisions [6]. Current-Year Estimates - The expected earnings for the full year are $9.72 per share, reflecting a 14.6% increase from the prior year, with a positive trend in estimate revisions as one estimate has increased without any negative revisions [7]. Zacks Rank - Littelfuse currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions, and stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Stock Performance - The stock has gained 9.2% over the past four weeks, driven by solid estimate revisions, suggesting potential for further earnings growth and price appreciation [9].