Core Viewpoint - Byrna Technologies Inc. (BYRN) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price momentum [1][2]. Estimate Revisions - Analysts show growing optimism regarding Byrna Technologies' earnings prospects, reflected in upward revisions of earnings estimates [2][3]. - The current quarter's earnings estimate is $0.14 per share, a decrease of 17.7% from the previous year, but the Zacks Consensus Estimate has increased by 8% over the last 30 days with no negative revisions [6]. - For the full year, the expected earnings are $0.40 per share, indicating a year-over-year increase of 29.0%, with a 14.49% rise in consensus estimates due to two upward revisions and no negative changes [7][8]. Zacks Rank - Byrna Technologies has achieved a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts on the positive earnings revisions [9]. - Stocks with a Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [9]. Stock Performance - Over the past four weeks, Byrna Technologies shares have increased by 22.8%, suggesting investor confidence in its earnings growth prospects [10].
Why Byrna Technologies (BYRN) Might be Well Poised for a Surge