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Why Piper Sandler Companies (PIPR) Might be Well Poised for a Surge
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Investors might want to bet on Piper Sandler Companies (PIPR - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.
Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Piper Sandler Companies, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
Current-Quarter Estimate Revisions
For the current quarter, the company is expected to earn $5.05 per share, which is a change of +21.1% from the year-ago reported number.
Over the last 30 days, one estimate has moved higher for Piper Sandler Companies compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 26.25%.
Current-Year Estimate Revisions
The company is expected to earn $19.11 per share for the full year, which represents a change of +90.72% from the prior-year number.
The revisions trend for the current year also appears quite promising for Piper Sandler Companies, with one estimate moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 11.82%.
Favorable Zacks Rank
The promising estimate revisions have helped Piper Sandler Companies earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
Investors have been betting on Piper Sandler Companies because of its solid estimate revisions, as evident from the stock's 20.3% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
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Why Piper Sandler Companies (PIPR) Might be Well Poised for a Surge
Investors might want to bet on Piper Sandler Companies (PIPR - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.
Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Piper Sandler Companies, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
Current-Quarter Estimate Revisions
For the current quarter, the company is expected to earn $5.05 per share, which is a change of +21.1% from the year-ago reported number.
Over the last 30 days, one estimate has moved higher for Piper Sandler Companies compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 26.25%.
Current-Year Estimate Revisions
The company is expected to earn $19.11 per share for the full year, which represents a change of +90.72% from the prior-year number.
The revisions trend for the current year also appears quite promising for Piper Sandler Companies, with one estimate moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 11.82%.
Favorable Zacks Rank
The promising estimate revisions have helped Piper Sandler Companies earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
Investors have been betting on Piper Sandler Companies because of its solid estimate revisions, as evident from the stock's 20.3% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.