Can TriCo (TCBK) Run Higher on Rising Earnings Estimates?

Core Viewpoint - TriCo (TCBK) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Analysts have shown growing optimism regarding TriCo's earnings prospects, leading to a rising trend in estimate revisions, which is expected to positively impact the stock price [2]. - The consensus earnings estimate for the current quarter is $1.01 per share, reflecting a year-over-year increase of 14.8%. Over the past 30 days, three estimates have been raised with no negative revisions, resulting in a 9.51% increase in the Zacks Consensus Estimate [4]. - For the full year, TriCo is projected to earn $3.68 per share, indicating a year-over-year change of 6.4%. In the last month, four estimates have been revised upward, contributing to a 5.75% increase in the consensus estimate [5]. Zacks Rank - TriCo currently holds a Zacks Rank 2 (Buy), which is based on favorable estimate revisions. This ranking system has a proven track record of helping investors make informed decisions [6]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6]. Stock Performance - TriCo shares have appreciated by 7.7% over the past four weeks, indicating investor confidence in the company's earnings growth potential [7].