Earnings Estimates Moving Higher for Byline Bancorp (BY): Time to Buy?

Core Viewpoint - Byline Bancorp (BY) is positioned as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][2]. Earnings Estimate Revisions - The trend in earnings estimate revisions reflects growing analyst optimism regarding Byline Bancorp's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, the earnings estimate is projected at $0.75 per share, marking a 15.4% increase from the previous year [5]. - Over the past 30 days, the Zacks Consensus Estimate for Byline Bancorp has risen by 5.63%, with two estimates moving higher and no negative revisions [5]. - For the full year, the expected earnings are $3.10 per share, representing a year-over-year increase of 3.3%, with a 5.87% rise in the consensus estimate over the same period [6][7]. Zacks Rank - Byline Bancorp currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock price outperformance [3][8]. - The Zacks Rank system has shown that stocks rated 1 have generated an average annual return of +25% since 2008, suggesting a favorable outlook for Byline Bancorp [3]. Investment Outlook - The stock has appreciated by 10.3% over the past four weeks due to strong estimate revisions, indicating potential for further upside [9].