Lenovo Group shares hit an all-time high of $74 ahead of its fiscal first-quarter report on August 12, with the stock surging over 200% year to date. The company holds a Zacks Rank #1 (Strong Buy), and its earnings estimates for fiscal 2027 and 2028 have surged over 40% in the last 60 days. Annual earnings are now expected to increase 31% in fiscal 2027 and another 29% in fiscal 2028 to $5.04 per share, while annual revenue is forecast to grow over 15% and head north of $100 billion. Lenovo has exceeded earnings expectations in each of its last four quarterly reports with an average EPS surprise of 46.79%, and its forward earnings multiple of 18X trades at a discount to the S&P 500's 22X and the industry average of 24X.
