Analysts are raising earnings estimates for Murata Manufacturing Inc., pushing the stock to a Zacks Rank #2, or Buy. The consensus estimate for the current quarter has increased 9.09% over the last 30 days to $0.12 per share, while the full-year estimate has risen 7.84% to $0.55 per share. Both increases reflect one upward revision with no negative revisions. Murata Manufacturing shares have gained 31.5% over the past four weeks, and the Zacks Rank model suggests the positive estimate revision trend could support further near-term price momentum.
Murata Manufacturing Co., Ltd.Analysts raising earnings estimates and Zacks Rank upgrade to Buy indicate positive financial/valuation outlook.