Can Taboola.com (TBLA) Run Higher on Rising Earnings Estimates?

Core Insights - Taboola.com Ltd. (TBLA) shows potential as a strong investment due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][9] - Analysts exhibit growing optimism regarding Taboola's earnings prospects, which is expected to positively influence its stock price [2][3] Current-Quarter Estimate Revisions - The earnings estimate for the current quarter is $0.10 per share, reflecting a remarkable increase of +600.0% compared to the previous year [5] - Over the last 30 days, one estimate has been revised upward with no negative revisions, leading to a 100% increase in the Zacks Consensus Estimate [5] Current-Year Estimate Revisions - For the full year, Taboola is projected to earn $0.45 per share, representing a year-over-year increase of +4,600.0% [6] - The consensus estimate for the current year has risen by 33.33% due to one upward revision and no negative changes [7] Zacks Rank - The positive revisions have resulted in a Zacks Rank of 2 (Buy) for Taboola, indicating strong potential for outperformance [8] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8] Market Performance - Investors have shown confidence in Taboola, as evidenced by a 5% increase in stock price over the past four weeks, driven by solid estimate revisions [9]