Back to top

Image: Bigstock

Vivint Smart Home (VVNT) Moves 6.3% Higher: Will This Strength Last?

Read MoreHide Full Article

Vivint Smart Home, Inc. (VVNT - Free Report) shares ended the last trading session 6.3% higher at $16.15. 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 17.9% loss over the past four weeks.

Shares of Vivint have been gaining on the optimism surrounding consumers’ rising demand for smart homes. This is helping the company to grow its total subscribers and total monthly revenue.

Price and Consensus

Price Consensus Chart for Vivint Smart Home

This company is expected to post quarterly loss of $0.47 per share in its upcoming report, which represents a year-over-year change of +39%. Revenues are expected to be $337.13 million, up 11.2% 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 Vivint Smart Home, the consensus EPS estimate for the quarter has been revised 6.4% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on VVNT 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 >>>>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Vivint Smart Home, Inc. (VVNT) - free report >>

Published in