Why Carter Bankshares (CARE) Might be Well Poised for a Surge

Core Viewpoint - Carter Bankshares, Inc. (CARE) is showing solid improvement in earnings estimates, which may lead to continued stock price momentum [1][2]. Earnings Estimate Revisions - Analysts are increasingly optimistic about Carter Bankshares' earnings prospects, as reflected in the upward trend of estimate revisions [2][3]. - The current quarter's earnings estimate is projected at $0.39 per share, indicating a year-over-year increase of +69.6% [5]. - The Zacks Consensus Estimate for the current quarter has risen by 14.71% over the last 30 days, with two estimates increasing and no negative revisions [5]. - For the full year, the earnings estimate stands at $1.50 per share, representing a +42.9% change from the previous year [6]. - The consensus estimate for the current year has increased by 15.39% due to two upward revisions and no negative changes [7]. Zacks Rank and Performance - Carter Bankshares currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on earnings estimate revisions [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Investment Outlook - The stock has appreciated by 7.5% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [9].