The "brokers estimates" are simply the estimated earnings for the year for each share. For example, the current estimate of 82.6 cents per share at the current share price of $7.50 means a PE (or price to earnings ratio) of 9.07.
The market obviously looks at this ratio with interest. Broadly, the lower the PE the better the buy.
An increase in earnings estimates should increase the share price (all other things being equal).
Regards Eos
MRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
