Skillsoft Corp. (SKIL - Free Report) shares soared 5.4% in the last trading session to close at $17.90. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.1% loss over the past four weeks.
Shareholders' favorable reaction can be attributed to the increased total bookings within the SaaS-based Content & Platform division, driven by the company's proactive approach to introducing new products. Recent launches, such as CAISY and 'ChatGPT Learning Journey', signify the company's commitment to enhancing conversational skills and fostering responsible use of generative AI, further contributing to the positive response.
This company is expected to post quarterly loss of $4 per share in its upcoming report, which represents a year-over-year change of -11.1%. Revenues are expected to be $144.8 million, up 3.9% 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 Skillsoft Corp., 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 SKIL 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 >>>>
Skillsoft Corp. is part of the Zacks Technology Services industry. Thoughtworks Holding, Inc. (TWKS - Free Report) , another stock in the same industry, closed the last trading session 2.3% lower at $3.75. TWKS has returned -7% in the past month.
Thoughtworks Holding, Inc.'s consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.03. Compared to the company's year-ago EPS, this represents a change of -62.5%. Thoughtworks Holding, Inc. currently boasts a Zacks Rank of #5 (Strong Sell).
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Skillsoft Corp. (SKIL - Free Report) shares soared 5.4% in the last trading session to close at $17.90. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.1% loss over the past four weeks.
Shareholders' favorable reaction can be attributed to the increased total bookings within the SaaS-based Content & Platform division, driven by the company's proactive approach to introducing new products. Recent launches, such as CAISY and 'ChatGPT Learning Journey', signify the company's commitment to enhancing conversational skills and fostering responsible use of generative AI, further contributing to the positive response.
This company is expected to post quarterly loss of $4 per share in its upcoming report, which represents a year-over-year change of -11.1%. Revenues are expected to be $144.8 million, up 3.9% 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 Skillsoft Corp., 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 SKIL 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 >>>>
Skillsoft Corp. is part of the Zacks Technology Services industry. Thoughtworks Holding, Inc. (TWKS - Free Report) , another stock in the same industry, closed the last trading session 2.3% lower at $3.75. TWKS has returned -7% in the past month.
Thoughtworks Holding, Inc.'s consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.03. Compared to the company's year-ago EPS, this represents a change of -62.5%. Thoughtworks Holding, Inc. currently boasts a Zacks Rank of #5 (Strong 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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