Can ADT (ADT) Run Higher on Rising Earnings Estimates?

Core Viewpoint - ADT is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook that may continue to drive stock price appreciation [1][2]. Current-Quarter Estimate Revisions - For the current quarter, ADT is projected to earn $0.20 per share, reflecting a year-over-year decline of 20$0.74 per share, representing a 45.1% increase compared to the previous year - Similar to the current quarter, one estimate has moved higher in the last month with no negative revisions, resulting in a 12.9% increase in the consensus estimate [5]. Favorable Zacks Rank - The positive revisions in earnings estimates have earned ADT a Zacks Rank of 2 (Buy), indicating strong potential for outperformance - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6]. Bottom Line - The strong estimate revisions have led to an 8.5% increase in ADT's stock price over the past four weeks, suggesting further upside potential, making it a candidate for portfolio addition [7].