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CoreCard (CCRD) Moves 6.6% Higher: Will This Strength Last?
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CoreCard Corporation (CCRD - Free Report) shares soared 6.6% in the last trading session to close at $13.10. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.3% loss over the past four weeks.
The stock has recorded this price rise as the company continues to onboard new clients directly and via various partnerships with program managers.
This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +88.9%. Revenues are expected to be $13.4 million, unchanged compared to the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For CoreCard, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CCRD going forward to see if this recent jump can turn into more strength down the road.
CoreCard is part of the Zacks Technology Services industry. ADTRAN Holdings (ADTN - Free Report) , another stock in the same industry, closed the last trading session 1.2% higher at $6.18. ADTN has returned 5.5% in the past month.
For ADTRAN Holdings, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.02. This represents a change of +85.7% from what the company reported a year ago. ADTRAN Holdings currently has a Zacks Rank of #3 (Hold).
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CoreCard (CCRD) Moves 6.6% Higher: Will This Strength Last?
CoreCard Corporation (CCRD - Free Report) shares soared 6.6% in the last trading session to close at $13.10. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.3% loss over the past four weeks.
The stock has recorded this price rise as the company continues to onboard new clients directly and via various partnerships with program managers.
This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +88.9%. Revenues are expected to be $13.4 million, unchanged compared to the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For CoreCard, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CCRD going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
CoreCard is part of the Zacks Technology Services industry. ADTRAN Holdings (ADTN - Free Report) , another stock in the same industry, closed the last trading session 1.2% higher at $6.18. ADTN has returned 5.5% in the past month.
For ADTRAN Holdings, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.02. This represents a change of +85.7% from what the company reported a year ago. ADTRAN Holdings currently has a Zacks Rank of #3 (Hold).