Earnings Estimates Moving Higher for Lattice (LSCC): Time to Buy?

Core Viewpoint - Lattice Semiconductor (LSCC) is experiencing solid improvements in earnings estimates, which may lead to continued short-term price momentum and a favorable earnings outlook [1][2]. Earnings Estimates - Analysts are increasingly optimistic about Lattice Semiconductor's earnings prospects, driving higher estimates that are expected to reflect positively in the stock price [2]. - The current quarter's earnings estimate is projected at $0.35 per share, representing a 59.1% increase from the previous year, with an 8.66% rise in consensus estimates over the last 30 days [6]. - For the full year, the earnings estimate is expected to be $1.53 per share, indicating a 45.7% increase from the prior year, with four estimates moving higher and a 7.54% boost in consensus estimates [7][8]. Zacks Rank - Lattice Semiconductor has achieved a Zacks Rank 1 (Strong Buy) due to strong agreement among analysts in revising earnings estimates upward, which has historically led to significant outperformance [3][9]. - Stocks with a Zacks Rank 1 (Strong Buy) and 2 (Buy) have been shown to significantly outperform the S&P 500 [9]. Stock Performance - Lattice shares have increased by 17.1% over the past four weeks, indicating investor confidence in the company's earnings growth prospects [10].