Taboola.com Earnings Estimates Rise, Can Stock Keep Rising?

Taboola.com's (TBLA) earnings estimates have been revised upwards, with a 100% increase in the current quarter estimate and a 33.33% increase for the full year. The company has earned a Zacks Rank #2 (Buy) and has seen a 5% gain over the past four weeks, indicating a strong potential for further growth.

Taboola.com Ltd. (TBLA) has experienced a significant upward revision in its earnings estimates, which may indicate a strong potential for further growth. The company's current quarter estimate has increased by 100% to $0.10 per share, while the full-year estimate has risen by 33.33% to $0.45 per share [1][2]. These revisions reflect growing optimism among analysts regarding Taboola.com's earnings prospects.

The upward trend in estimate revisions is a positive sign for the stock, as empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Taboola.com has earned a Zacks Rank #2 (Buy) based on these promising estimate revisions [1][2]. This rating tool, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

Investors have been betting on Taboola.com due to its solid estimate revisions, as evident from the stock's 5% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio.

References:
[1] https://www.nasdaq.com/articles/can-taboolacom-tbla-run-higher-rising-earnings-estimates
[2] https://finviz.com/news/154872/can-taboolacom-tbla-run-higher-on-rising-earnings-estimates