Earnings Estimates Moving Higher for Orla Mining (ORLA): Time to Buy?

Core Viewpoint - Orla Mining Ltd. (ORLA) is experiencing solid improvements in earnings estimates, which may lead to continued short-term price momentum for the stock [1][2]. Earnings Estimates - Analysts show growing optimism regarding Orla Mining's earnings prospects, reflected in upward revisions of earnings estimates [2][3]. - The consensus earnings estimate for the current quarter is $0.04 per share, indicating a year-over-year decline of 20% [4]. - Over the past 30 days, the Zacks Consensus Estimate for Orla Mining has increased by 14.29%, with one estimate moving higher and no negative revisions [4]. - For the full year, the earnings estimate stands at $0.15 per share, unchanged from the previous year, but the consensus estimate has risen by 50% due to two upward revisions [5]. Zacks Rank - Orla Mining currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions that can guide investment decisions [5]. - The Zacks Rank system has a strong track record, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [3][6]. Stock Performance - The stock has gained 6.8% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [7].