Will nLight (LASR) Continue to Climb with Increasing Earnings Forecasts?

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nLight (LASR) expects earnings of $0.10 per share for the current quarter, reflecting a 133.3% increase year-over-year. For the full year, the estimate is set at $0.20 per share, a 130.8% increase from the previous year. Over the past month, earnings estimates have surged by 74.07% for the next quarter and 22.56% for the current year, with no negative revisions reported.

The company currently holds a Zacks Rank #2 (Buy), attributed to strong analyst agreement on earnings prospects. Historically, stocks carrying a Zacks Rank #1 (Strong Buy) or #2 have outperformed the S&P 500.

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