Earnings Estimates Moving Higher for Idaho Strategic Resources (IDR): Time to Buy?

Core Viewpoint - Investors are encouraged to consider Idaho Strategic Resources, Inc. (IDR) due to solid improvements in earnings estimates and positive short-term price momentum [1][10]. Earnings Estimates - Analysts have shown growing optimism regarding the earnings prospects of Idaho Strategic Resources, leading to higher earnings estimates, which are expected to positively impact the stock price [2]. - The consensus earnings estimate for the current quarter is $0.20 per share, reflecting a year-over-year increase of +33.3% [6]. - For the full year, the expected earnings are $0.76 per share, indicating a year-over-year change of +13.4% [7]. Estimate Revisions - Over the past 30 days, the Zacks Consensus Estimate for Idaho Strategic Resources has increased by 25%, with one estimate moving higher and no negative revisions [6]. - The consensus estimate for the full year has increased by 24.59% due to favorable revisions [8]. Zacks Rank - Idaho Strategic Resources currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions and a strong potential for outperformance [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9]. Stock Performance - Shares of Idaho Strategic Resources have increased by 47% over the past four weeks, suggesting strong investor confidence in its earnings growth prospects [10].