Momentive shares soared 16.2% in the last trading session to close at $7.54. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.9% gain over the past four weeks.
The upswing in Momentive Global share price came after a Bloomberg report that stated the company is exploring sale option after receiving a takeover interest. The company is working with a financial advisor on this matter, as per the Bloomberg report.
This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +33.3%. Revenues are expected to be $120.5 million, up 5% from 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 Momentive, 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 MNTV 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 >>>>
Momentive belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, Dynatrace (DT - Free Report) , closed the last trading session 3.5% lower at $33.65. Over the past month, DT has returned -6.9%.
For Dynatrace, the consensus EPS estimate for the upcoming report has changed -1.4% over the past month to $0.18. This represents no change from what the company reported a year ago. Dynatrace currently has a Zacks Rank of #3 (Hold).
Research Chief 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.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Momentive shares soared 16.2% in the last trading session to close at $7.54. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.9% gain over the past four weeks.
The upswing in Momentive Global share price came after a Bloomberg report that stated the company is exploring sale option after receiving a takeover interest. The company is working with a financial advisor on this matter, as per the Bloomberg report.
This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +33.3%. Revenues are expected to be $120.5 million, up 5% from 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 Momentive, 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 MNTV 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 >>>>
Momentive belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, Dynatrace (DT - Free Report) , closed the last trading session 3.5% lower at $33.65. Over the past month, DT has returned -6.9%.
For Dynatrace, the consensus EPS estimate for the upcoming report has changed -1.4% over the past month to $0.18. This represents no change from what the company reported a year ago. Dynatrace currently has a Zacks Rank of #3 (Hold).
Research Chief 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.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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