Earnings Estimates Rising for Garrett Motion (GTX): Will It Gain?

Core Insights - Investors are showing increased interest in Garrett Motion (GTX) due to solid improvements in earnings estimates, which have led to positive short-term price momentum [1][9] - Analysts are optimistic about Garrett Motion's earnings prospects, as reflected in the upward trend of estimate revisions, which typically correlate with stock price movements [2][3] Current-Quarter Estimate Revisions - For the current quarter, Garrett Motion is expected to earn $0.35 per share, a decrease of 25.5% compared to the previous year [5] - The Zacks Consensus Estimate for the current quarter has increased by 13.36% over the last 30 days, with two estimates revised upward and no negative revisions [5] Current-Year Estimate Revisions - For the full year, the expected earnings per share is $1.44, indicating a year-over-year increase of 14.3% [6] - The consensus estimate for the current year has risen by 7.81%, supported by two upward revisions and no negative changes [6][7] Zacks Rank and Performance - Garrett Motion currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts on the positive earnings revisions [8] - Stocks with a Zacks Rank 1 and 2 have historically outperformed the S&P 500, suggesting a favorable investment outlook for Garrett Motion [8] Stock Performance - The stock has gained 23.4% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9]