Can JELD-WEN (JELD) Run Higher on Rising Earnings Estimates?

Core Viewpoint - JELD-WEN shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][3]. Earnings Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism about JELD-WEN's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, JELD-WEN is projected to earn $0.25 per share, a decrease of 21.9% from the previous year, but the Zacks Consensus Estimate has increased by 8.57% over the last 30 days due to one upward revision [6]. - For the full year, the earnings estimate stands at $0.27 per share, representing a decline of 65.4% from the prior year, yet the trend remains encouraging with one upward revision and no negative revisions [7]. Zacks Rank and Performance - JELD-WEN has achieved a Zacks Rank 2 (Buy), indicating strong potential for outperformance based on favorable estimate revisions [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500, suggesting a positive outlook for JELD-WEN [8]. Stock Performance - The stock has gained 37.6% over the past four weeks, driven by solid estimate revisions, indicating strong earnings growth prospects that may further elevate the stock price [9].