Evoqua Water shares rallied 6.3% in the last trading session to close at $26.09. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12% loss over the past four weeks.

The company is the only publicly traded pure-play in water treatment technology and components, treatment plant repairing services and emergency water supply solutions in Texas where the power crisis has adversely impacted water treatment systems.

Price and Consensus

This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of -14.3%. Revenues are expected to be $344.66 million, down 2% 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 Evoqua Water,the consensus EPS estimate for the quarter has been revised 4.4% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on AQUA 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 >>>>