Usio Inc (USIO Quick QuoteUSIO - Free Report) shares ended the last trading session 8% higher at $7.13. 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 10.4% gain over the past four weeks.

The company recently announced that it expects to report record processing numbers for the first quarter on preliminary basis. This leading electronic payment solutions provider is anticipated to record more than 100% year-over-year growth in Key Performance Metrics in all its three segments, namely ACH, Card and Prepaid. The company has also been witnessing a solid multi-channel distribution strategy for quite some time now, which has led to overall growth. 

Price and Consensus

This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +33.3%. Revenues are expected to be $11.96 million, up 53.9% 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 Usio Inc, the consensus EPS estimate for the quarter has been revised 20% 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 USIO going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>