Earnings Estimates Rising for Coherent (COHR): Will It Gain?
erent (COHR) Zacks Investment Research·2024-05-16 01:21
Investors might want to bet on Coherent (COHR) , 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.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this Laser and optics manufacturer, should get reflected in its stock price. After all, empirical research shows a strong correlati ...