Earnings Estimates Rising for South Plains Financial (SPFI): Will It Gain?

Core Viewpoint - South Plains Financial (SPFI) shows a promising earnings outlook, with analysts raising their earnings estimates, which may positively impact the stock price [1][2]. Earnings Estimates - The consensus earnings estimate for the current quarter is $0.88 per share, reflecting a 22.2% increase from the previous year [6]. - For the full year, the expected earnings are $3.90 per share, indicating a 13.4% rise compared to the prior year [7]. - Over the last 30 days, the consensus estimate for the current quarter has increased by 10.69%, with two estimates raised and no negative revisions [6]. - The full-year consensus estimate has risen by 12.39%, supported by two upward revisions and no negative changes [8]. Zacks Rank - South Plains Financial has achieved a Zacks Rank 1 (Strong Buy), indicating strong potential for stock performance based on favorable earnings estimate revisions [9]. - The Zacks Rank system has a proven track record, with Zacks 1 stocks averaging a 25% annual return since 2008 [3]. Stock Performance - The stock has gained 5.3% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [10].