Greystone Housing Impact Investors (GHI - Free Report) shares ended the last trading session 8.9% higher at $16.22. 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 10.6% loss over the past four weeks.
Greystone Housing Impact witnessed a rise in share price for the second consecutive day. With market participants expecting that the Federal Reserve will not hike interest rates at its November FOMC meeting, finance stocks are likely to gain. Thus, this optimism drove the GHI stock higher.
This provider of tax exempt financing for student housing, senior housing and multifamily housing is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of -69.6%. Revenues are expected to be $26.6 million, up 17.7% 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 Greystone Housing Impact, 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 GHI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Greystone Housing Impact is part of the Zacks Financial - Miscellaneous Services industry. PRA Group (PRAA - Free Report) , another stock in the same industry, closed the last trading session 2.5% higher at $18.43. PRAA has returned -15.6% in the past month.
For PRA Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.38. This represents a change of -160.3% from what the company reported a year ago. PRA Group currently has a Zacks Rank of #4 (Sell).
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Greystone Housing Impact Investors (GHI - Free Report) shares ended the last trading session 8.9% higher at $16.22. 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 10.6% loss over the past four weeks.
Greystone Housing Impact witnessed a rise in share price for the second consecutive day. With market participants expecting that the Federal Reserve will not hike interest rates at its November FOMC meeting, finance stocks are likely to gain. Thus, this optimism drove the GHI stock higher.
This provider of tax exempt financing for student housing, senior housing and multifamily housing is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of -69.6%. Revenues are expected to be $26.6 million, up 17.7% 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 Greystone Housing Impact, 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 GHI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Greystone Housing Impact is part of the Zacks Financial - Miscellaneous Services industry. PRA Group (PRAA - Free Report) , another stock in the same industry, closed the last trading session 2.5% higher at $18.43. PRAA has returned -15.6% in the past month.
For PRA Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.38. This represents a change of -160.3% from what the company reported a year ago. PRA Group currently has a Zacks Rank of #4 (Sell).
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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