We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
WisdomTree, Inc. (WT) Soars 6.4%: Is Further Upside Left in the Stock?
Read MoreHide Full Article
WisdomTree, Inc. (WT - Free Report) shares soared 6.4% in the last trading session to close at $7.13. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.9% gain over the past four weeks.
The Federal Reserve has ended the current rate hike cycle by keeping interest rates unchanged at the 22-year high of 5.25-5.5%. The central bank has also indicated a 75 basis points cut in rates by 2024-end. The above-mentioned developments have attributed to bullish investor sentiments. Given the fall in rates, the higher funding costs being faced by finance firms will likely come down somewhat next year, thus supporting margin growth. This probably drove the WT stock higher in last day’s trading session.
This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +150%. Revenues are expected to be $89.12 million, up 21.6% 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 WisdomTree, Inc., 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 WT going forward to see if this recent jump can turn into more strength down the road.
WisdomTree, Inc. is part of the Zacks Financial - Miscellaneous Services industry. Triumph Financial (TFIN - Free Report) , another stock in the same industry, closed the last trading session 0.9% higher at $80.89. TFIN has returned 17.7% in the past month.
Triumph Financial's consensus EPS estimate for the upcoming report has changed -1.6% over the past month to $0.42. Compared to the company's year-ago EPS, this represents a change of -37.3%. Triumph Financial currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
WisdomTree, Inc. (WT) Soars 6.4%: Is Further Upside Left in the Stock?
WisdomTree, Inc. (WT - Free Report) shares soared 6.4% in the last trading session to close at $7.13. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.9% gain over the past four weeks.
The Federal Reserve has ended the current rate hike cycle by keeping interest rates unchanged at the 22-year high of 5.25-5.5%. The central bank has also indicated a 75 basis points cut in rates by 2024-end. The above-mentioned developments have attributed to bullish investor sentiments. Given the fall in rates, the higher funding costs being faced by finance firms will likely come down somewhat next year, thus supporting margin growth. This probably drove the WT stock higher in last day’s trading session.
This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +150%. Revenues are expected to be $89.12 million, up 21.6% 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 WisdomTree, Inc., 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 WT 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 >>>>
WisdomTree, Inc. is part of the Zacks Financial - Miscellaneous Services industry. Triumph Financial (TFIN - Free Report) , another stock in the same industry, closed the last trading session 0.9% higher at $80.89. TFIN has returned 17.7% in the past month.
Triumph Financial's consensus EPS estimate for the upcoming report has changed -1.6% over the past month to $0.42. Compared to the company's year-ago EPS, this represents a change of -37.3%. Triumph Financial currently boasts a Zacks Rank of #3 (Hold).