Skyline Champion Corporation (SKY - Free Report) shares ended the last trading session 18.9% higher at $52.04. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.8% loss over the past four weeks.
Shares of Skyline jumped after the company posted better-than-expected fourth quarter results. Its adjusted earnings per share of 61 cents topped the Zacks Consensus Estimate of 36 cents. Also, net sales of $447.6 million topped the consensus estimate of $381 million by 17.5% . The robust result is attributable to the improved production levels due to the increase in demand for the company's products.
Price and Consensus
This manufactured and modular housing maker is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +63.6%. Revenues are expected to be $388.05 million, up 42% 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 Skyline, 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 SKY 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 >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Skyline Champion Corporation (SKY - Free Report) shares ended the last trading session 18.9% higher at $52.04. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.8% loss over the past four weeks.
Shares of Skyline jumped after the company posted better-than-expected fourth quarter results. Its adjusted earnings per share of 61 cents topped the Zacks Consensus Estimate of 36 cents. Also, net sales of $447.6 million topped the consensus estimate of $381 million by 17.5% . The robust result is attributable to the improved production levels due to the increase in demand for the company's products.
Price and Consensus
This manufactured and modular housing maker is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +63.6%. Revenues are expected to be $388.05 million, up 42% 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 Skyline, 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 SKY 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 >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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