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Logility Supply Chain Solutions (LGTY) Surges 24.7%: Is This an Indication of Further Gains?
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Logility Supply Chain Solutions shares soared 24.7% in the last trading session to close at $14.12. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.3% gain over the past four weeks.
The stock is benefiting from the company’s innovative offerings, expanding market presence.
This enterprise software provider is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of -57.9%. Revenues are expected to be $24.87 million, down 2.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Logility Supply Chain Solutions, 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 LGTY going forward to see if this recent jump can turn into more strength down the road.
Logility Supply Chain Solutions is part of the Zacks Technology Services industry. Veralto (VLTO - Free Report) , another stock in the same industry, closed the last trading session 1.5% higher at $103.28. VLTO has returned -1.3% in the past month.
For Veralto, the consensus EPS estimate for the upcoming report has changed -0.1% over the past month to $0.88. This represents a change of +1.2% from what the company reported a year ago. Veralto currently has a Zacks Rank of #4 (Sell).
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Logility Supply Chain Solutions (LGTY) Surges 24.7%: Is This an Indication of Further Gains?
Logility Supply Chain Solutions shares soared 24.7% in the last trading session to close at $14.12. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.3% gain over the past four weeks.
The stock is benefiting from the company’s innovative offerings, expanding market presence.
This enterprise software provider is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of -57.9%. Revenues are expected to be $24.87 million, down 2.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Logility Supply Chain Solutions, 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 LGTY 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 >>>>
Logility Supply Chain Solutions is part of the Zacks Technology Services industry. Veralto (VLTO - Free Report) , another stock in the same industry, closed the last trading session 1.5% higher at $103.28. VLTO has returned -1.3% in the past month.
For Veralto, the consensus EPS estimate for the upcoming report has changed -0.1% over the past month to $0.88. This represents a change of +1.2% from what the company reported a year ago. Veralto currently has a Zacks Rank of #4 (Sell).