Can Skyward (SKWD) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Skyward Specialty Insurance (SKWD) shows a significantly improving earnings outlook, making it an attractive option for investors as analysts continue to raise their earnings estimates for the company [1][2]. Earnings Estimates - Analysts' optimism regarding the earnings prospects of Skyward is leading to higher estimates, which is expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, supporting the investment case for Skyward [2][3]. Current Quarter and Year Estimates - For the current quarter, Skyward is projected to earn $0.93 per share, reflecting a year-over-year increase of +16.3%, with a 5.52% rise in consensus estimates over the last 30 days [6]. - For the full year, the expected earnings are $3.73 per share, representing a +21.9% year-over-year change, with positive revisions noted in the estimates [7]. Zacks Rank - Skyward has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong agreement among analysts [8]. - Stocks with a Zacks Rank 1 or 2 are shown to significantly outperform the S&P 500, enhancing the investment appeal of Skyward [8]. Stock Performance - Skyward shares have increased by 7.9% over the past four weeks, indicating investor confidence in the company's earnings growth prospects [9].