Earnings Estimates Moving Higher for Opera Limited (OPRA): Time to Buy?

Core Viewpoint - Opera Limited Sponsored ADR (OPRA) shows a significantly improving earnings outlook, making it a strong investment choice as analysts continue to raise earnings estimates for the company [1][3]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Opera's earnings prospects, which is expected to positively influence the stock price [2]. - For the current quarter, Opera is projected to earn $0.32 per share, reflecting an 18.5% increase from the previous year, with a 41.18% rise in the Zacks Consensus Estimate over the last 30 days [7]. - The full-year earnings estimate is set at $1.42 per share, representing a year-over-year increase of 26.8% [8]. - Over the past month, one estimate has increased with no negative revisions, leading to an 18.28% rise in the consensus estimate for the current year [9]. Zacks Rank - Opera Limited currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in revising earnings estimates upward, which has historically led to significant stock outperformance [10]. - Stocks with Zacks Rank 1 and 2 have shown to significantly outperform the S&P 500 [10]. Performance and Outlook - The stock has gained 14.8% over the past four weeks, driven by solid estimate revisions, suggesting that earnings growth prospects may continue to push the stock higher [11].