Merchants Bancorp has received a Zacks Rank #1 (Strong Buy) following a series of upward earnings estimate revisions. Over the past 30 days, three analysts have raised their estimates for the current quarter, pushing the Zacks Consensus Estimate up 7.95% to $1.40 per share, which would represent a 44.3% increase from the year-ago period. For the full year, three upward revisions have lifted the consensus estimate 8.35% to $5.58 per share, a 47.6% jump from the prior year. The stock has already gained 13% over the past four weeks, and the Zacks Rank model suggests further momentum may follow given the strong correlation between estimate trends and near-term price performance.
Merchants BancorpZacks Rank #1 and upward earnings estimate revisions signal positive analyst sentiment and expected earnings growth.