iSun, Inc. (ISUN Quick QuoteISUN - Free Report) shares ended the last trading session 16.5% higher at $15.31. 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 26.6% loss over the past four weeks.

The latest uptick in iSun’s share performance can be attributed to the recently released fourth-quarter 2020 results, wherein it came up with impressive numbers. Notably, the company’s revenues surged a record 47.1% year over year and net income improved a whooping 357.1%. On a further encouraging note, it won a handful of key contracts during the reported quarter, which boosted year-end backlog.

Price and Consensus

This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $8.65 million, up 116.8% 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 iSun, 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 ISUN 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 >>>>