Earnings Estimates Moving Higher for Innovative Solutions and Support (ISSC): Time to Buy?

Core Viewpoint - Investors are encouraged to consider Innovative Solutions and Support, Inc. (ISSC) due to recent improvements in earnings estimates and positive short-term price momentum [1]. Earnings Estimate Revisions - There is a rising trend in earnings estimate revisions driven by growing analyst optimism, which is expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and near-term stock price movements [2]. - The current quarter's earnings estimate is projected at $0.10 per share, reflecting a year-over-year increase of +150.0% [7]. - Over the last 30 days, the Zacks Consensus Estimate for ISSC has increased by 42.86%, with one estimate moving higher and no negative revisions [7]. - For the full year, the earnings estimate is $0.80 per share, showing a decrease of -3.6% from the previous year [8]. - In the past month, two estimates for the current year have increased, resulting in a 7.38% rise in the consensus estimate [9]. Zacks Rank and Performance - The favorable estimate revisions have led to ISSC achieving a Zacks Rank 1 (Strong Buy), indicating strong potential for investment [10]. - Historically, Zacks 1 Ranked stocks have outperformed the market, with an average annual return of +25% since 2008 [3]. - The stock has increased by 99.2% over the past four weeks, suggesting further upside potential [11].