Gambling.com Group Limited (GAMB) Surges 11%: Is This an Indication of Further Gains?

HHS GAMB

Gambling.com Group Limited (GAMB - Free Report) shares ended the last trading session 11% higher at $7.46. 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 13% loss over the past four weeks.

The stock is benefiting from the company’s strong business model, which is driving its rapid business growth in North America.

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 -69.2%. Revenues are expected to be $17.22 million, up 70.2% 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 Gambling.com Group Limited, 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 GAMB 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 >>>>

Gambling.com Group Limited is part of the Zacks Advertising and Marketing industry. Harte-Hanks (HHS - Free Report) , another stock in the same industry, closed the last trading session 1.2% higher at $10.79. HHS has returned 2% in the past month.

For Harte-Hanks, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.41. This represents a change of -21.2% from what the company reported a year ago. Harte-Hanks currently has a Zacks Rank of #3 (Hold).

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