All You Need to Know About ViaSat (VSAT) Rating Upgrade to Buy

Core Viewpoint - ViaSat (VSAT) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in a company's earnings picture, which is crucial for predicting near-term stock price movements [2][4]. - The Zacks Consensus Estimate for ViaSat indicates an expected earnings of $0.12 per share for the fiscal year ending March 2025, reflecting a year-over-year increase of 101.3% [8]. Institutional Investor Influence - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Business Improvement Indicators - Rising earnings estimates and the Zacks rating upgrade suggest an improvement in ViaSat's underlying business, which could lead to increased stock prices as investors respond positively [5][10]. Zacks Rank System Overview - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. Recent Trends in Earnings Estimates - Over the past three months, the Zacks Consensus Estimate for ViaSat has increased by 79.7%, indicating a positive trend in earnings revisions [8].