Will Gilat (GILT) Gain on Rising Earnings Estimates?

Core Viewpoint - Gilat Satellite (GILT) shows a significantly improving earnings outlook, making it a solid investment choice as analysts continue to raise earnings estimates for the company [1][3]. Earnings Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Gilat's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, Gilat is projected to earn $0.13 per share, indicating a year-over-year decline of 7.1%. However, the Zacks Consensus Estimate has increased by 8.33% due to one upward revision [5]. - For the full year, the earnings estimate is $0.59 per share, representing an 18.0% increase from the previous year. The consensus estimate has surged by 78.79% over the past month, with one upward revision and no negative revisions [6][7]. Zacks Rank - Gilat currently holds a Zacks Rank 1 (Strong Buy), attributed to favorable estimate revisions. This ranking is part of a system that has historically shown strong performance, with Zacks 1 stocks averaging a 25% annual return since 2008 [3][8]. - Research indicates that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [8]. Stock Performance - The stock has appreciated by 16.7% over the past four weeks, driven by strong estimate revisions, suggesting potential for further upside [9].