Earnings Estimates Rising for AvePoint (AVPT): Will It Gain?

Core Insights - AvePoint, Inc. (AVPT) is experiencing solid improvement in earnings estimates, which may lead to continued short-term price momentum [1][2] - Analysts show growing optimism regarding AvePoint's earnings prospects, which is expected to positively impact its stock price [2][3] Earnings Estimate Revisions - Current-quarter earnings are estimated at $0.09 per share, reflecting a significant increase of +325.0% from the previous year [5] - The Zacks Consensus Estimate for the current quarter has risen by 200% over the last 30 days, with two estimates moving higher and no negative revisions [5] - For the full year, the earnings estimate stands at $0.33 per share, indicating a +22.2% change from the previous year [6] - Over the past month, four estimates for the current year have increased, with no negative revisions, contributing to a positive consensus [6] Zacks Rank and Performance - AvePoint has achieved a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance based on favorable estimate revisions [7] - Historical data shows that Zacks Rank 1 stocks have generated an average annual return of +25% since 2008, suggesting a strong correlation between earnings estimate revisions and stock performance [3][7] - Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500, reinforcing the positive outlook for AvePoint [7] Market Performance - AvePoint's stock has gained 10.9% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [8]