Surging Earnings Estimates Signal Upside for 8x8 (EGHT) Stock

Core Viewpoint - Investors are encouraged to consider 8x8 (EGHT) due to solid improvements in earnings estimates and positive short-term price momentum [1][2] Earnings Estimates - Analysts are increasingly optimistic about 8x8's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2] - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements [2] Current-Quarter Estimate Revisions - The current quarter's earnings estimate for 8x8 is projected at $0.08 per share, reflecting no year-over-year change [4] - Over the past 30 days, one estimate has increased while there were no negative revisions, resulting in a 50$0.36 per share, which is a decrease of 23.4% from the previous year [5] - In the last month, four estimates have been revised upward with no negative revisions, leading to a 300% increase in the consensus estimate [5] Zacks Rank - The positive estimate revisions have earned 8x8 a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [6] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6] Stock Performance - 8x8 shares have increased by 10.9% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [7]