Can nLight (LASR) Run Higher on Rising Earnings Estimates?

Core Viewpoint - nLight (LASR) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook that may continue to drive stock price growth [1][10]. Earnings Estimate Revisions - Analysts have shown increasing optimism regarding nLight's earnings prospects, leading to higher earnings estimates that are expected to positively influence the stock price [2]. - For the current quarter, nLight is projected to earn $0.10 per share, reflecting a 133.3% increase from the same period last year. The Zacks Consensus Estimate has risen by 74.07% over the past 30 days, with two estimates increasing and no negative revisions [7]. - For the full year, the expected earnings are $0.20 per share, representing a 130.8% increase from the previous year. Over the last month, three estimates have been revised upward, with no negative revisions [8]. Zacks Rank and Performance - nLight currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts on the positive earnings revisions. This ranking is part of a system that has historically shown that Zacks 1 (Strong Buy) and 2 (Buy) stocks significantly outperform the S&P 500 [9]. - The Zacks Rank system has demonstrated an impressive track record, with Zacks 1 Ranked stocks averaging a 25% annual return since 2008 [3]. Market Reaction - The stock has gained 7% over the past four weeks, reflecting investor confidence driven by solid estimate revisions and promising earnings growth prospects [10].