Can Triple Flag (TFPM) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Triple Flag Precious Metals (TFPM) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimate Revisions - The trend of rising earnings estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, Triple Flag is projected to earn $0.22 per share, marking a year-over-year increase of 46.7%. The Zacks Consensus Estimate has risen by 7.32% over the last 30 days due to one upward revision and one downward revision [7]. - For the full year, the earnings estimate is $0.91 per share, indicating a year-over-year growth of 68.5%. In the past month, four estimates have been revised upward, contributing to a 5.2% increase in the consensus estimate [8][9]. Zacks Rank and Performance - Triple Flag currently holds a Zacks Rank 1 (Strong Buy), which is based on the positive estimate revisions and has historically shown strong performance, with Zacks 1 stocks averaging a 25% annual return since 2008 [3][10]. - The Zacks Rank system is designed to help investors leverage earnings estimate revisions for better investment decisions, with stocks rated 1 and 2 significantly outperforming the S&P 500 [10]. Recent Stock Performance - Over the past four weeks, Triple Flag shares have increased by 5.7%, indicating investor confidence in the company's earnings growth potential [11].