XP Inc. (XP - Free Report) shares soared 12.4% in the last trading session to close at $12.30. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's no gain, no loss over the past four weeks.
XP Inc witnessed a rise in share price for the second consecutive day on Nasdaq. As a provider of capital markets related services, the company is well placed in the current situation. Given the turmoil in the equity market over the past month, demand for financial products and services have risen substantially. Thus, investors are bullish on the company’s prospects, driving the XP stock higher.
This company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of +10.7%. Revenues are expected to be $643.45 million, up 7.7% 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 XP 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 XP 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 >>>>
XP Inc. is part of the Zacks Financial - Miscellaneous Services industry. Forge Global Holdings, Inc. (FRGE - Free Report) , another stock in the same industry, closed the last trading session 4.1% lower at $1.63. FRGE has returned 5.6% in the past month.
For Forge Global Holdings, Inc., the consensus EPS estimate for the upcoming report has changed -2% over the past month to -$0.15. This represents a change of +42.3% from what the company reported a year ago. Forge Global Holdings, Inc. currently has a Zacks Rank of #4 (Sell).
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XP Inc. (XP - Free Report) shares soared 12.4% in the last trading session to close at $12.30. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's no gain, no loss over the past four weeks.
XP Inc witnessed a rise in share price for the second consecutive day on Nasdaq. As a provider of capital markets related services, the company is well placed in the current situation. Given the turmoil in the equity market over the past month, demand for financial products and services have risen substantially. Thus, investors are bullish on the company’s prospects, driving the XP stock higher.
This company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of +10.7%. Revenues are expected to be $643.45 million, up 7.7% 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 XP 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 XP 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 >>>>
XP Inc. is part of the Zacks Financial - Miscellaneous Services industry. Forge Global Holdings, Inc. (FRGE - Free Report) , another stock in the same industry, closed the last trading session 4.1% lower at $1.63. FRGE has returned 5.6% in the past month.
For Forge Global Holdings, Inc., the consensus EPS estimate for the upcoming report has changed -2% over the past month to -$0.15. This represents a change of +42.3% from what the company reported a year ago. Forge Global Holdings, Inc. currently has a Zacks Rank of #4 (Sell).
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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