Earnings Estimates Moving Higher for Crown (CCK): Time to Buy?

Core Viewpoint - Crown Holdings (CCK) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Earnings Estimates - Analysts show growing optimism regarding Crown Holdings' earnings prospects, reflected in upward revisions of earnings estimates [2]. - The consensus earnings estimate for the current quarter is $1.71 per share, indicating a year-over-year increase of +7.6% [6]. - For the full year, the expected earnings are $7.76 per share, representing a +21.1% change from the previous year [7]. Estimate Revisions - Over the last 30 days, the Zacks Consensus Estimate for the current quarter has increased by 5.41%, with four estimates moving higher and no negative revisions [6]. - The consensus estimate for the full year has also risen by 5.03%, with five estimates going up and no negative revisions [7][8]. Zacks Rank - Crown Holdings currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions and potential for outperformance [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9]. Stock Performance - The stock has increased by 9.9% over the past four weeks due to strong estimate revisions, suggesting further upside potential [10].