ATN International(ATNI) ZACKS·2024-10-21 17:00Core Viewpoint - ATN International (ATNI) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects a positive earnings outlook for ATN International, potentially leading to increased buying pressure and a rise in stock price [2]. - For the fiscal year ending December 2024, ATN International is expected to earn $0.09 per share, representing a 107.2% increase from the previous year's reported figure [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for ATN International has increased by 113.3%, indicating a strong upward revision trend [5]. - The correlation between earnings estimate revisions and near-term stock movements is well-established, making it a critical factor for investment decisions [4]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revision features [6][7]. - The Zacks Rank 2 upgrade positions ATN International in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [7].