Workflow
Can Blachem (BCPC) Run Higher on Rising Earnings Estimates?
BalchemBalchem(US:BCPC) Zacks Investment Researchยท2024-02-22 18:21

Core Viewpoint - Blachem (BCPC) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Current-Quarter Estimate Revisions - The earnings estimate for the current quarter is $0.95 per share, reflecting a year-over-year increase of +35.71% [3]. - Over the past 30 days, the Zacks Consensus Estimate for Blachem has risen by 5.56%, with one estimate moving higher and no negative revisions [3]. Current-Year Estimate Revisions - For the full year, Blachem is expected to earn $4.04 per share, which is a +20.6% change from the previous year [4]. - The consensus estimate for the current year has increased by 7.03%, with one estimate moving higher and no negative revisions [4]. Favorable Zacks Rank - Blachem currently holds a Zacks Rank 1 (Strong Buy) due to positive estimate revisions, indicating strong potential for stock performance [5]. - Research indicates that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [5]. Bottom Line - Investors have shown confidence in Blachem, evidenced by a 10% stock gain over the past four weeks, suggesting potential for further growth [6].