What Makes Kemper (KMPR) a New Buy Stock

Core Viewpoint - Kemper (KMPR) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][2][10] Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5] - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to price movements based on their buying or selling actions [3] Company Performance and Outlook - The upgrade for Kemper reflects an improvement in the company's underlying business, suggesting that investor sentiment may drive the stock price higher [4] - Analysts have raised their earnings estimates for Kemper, with a projected earnings per share of $4.50 for the fiscal year ending December 2024, representing a year-over-year increase of 708.1% [7] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [6][8] - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [8]