Earnings Estimates Moving Higher for Nicolet Bankshares (NIC): Time to Buy?

Core Viewpoint - Nicolet Bankshares (NIC) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - The upward trend in earnings estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, the earnings estimate is $2.55 per share, representing a 17.5% increase from the previous year, with a 10.39% rise in the Zacks Consensus Estimate over the last 30 days [6]. - For the full year, the earnings estimate stands at $9.65 per share, indicating a 23.2% increase from the prior year, with a 6.34% increase in the consensus estimate due to positive revisions [7][8]. Zacks Rank and Performance - Nicolet Bankshares has achieved a Zacks Rank 2 (Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock performance [9]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500, with Zacks 1 stocks averaging a 25% annual return since 2008 [3][9]. Stock Performance - The stock has gained 8.9% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects, suggesting it may be a good addition to investment portfolios [10].