Earnings Estimates Moving Higher for Astronics (ATRO): Time to Buy?

Core Viewpoint - Astronics Corporation (ATRO) shows a significantly improving earnings outlook, making it a strong investment choice as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimates - Analysts' optimism is reflected in the rising earnings estimates, which historically correlate with stock price movements [2]. - The consensus earnings estimate for the current quarter is $0.40 per share, indicating a +14.3% change from the previous year, with a 17.65% increase in the Zacks Consensus Estimate over the last 30 days [5]. - For the full year, Astronics is expected to earn $1.60 per share, representing a +46.8% change from the prior year, with similar positive trends in estimate revisions [6]. Zacks Rank - Astronics currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions that can help investors make informed decisions [7]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [7]. Stock Performance - The stock has gained 5.4% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [8].