FactSet Research (FDS Quick QuoteFDS - Free Report) shares ended the last trading session 7.2% higher at $347.10. 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 0.8% gain over the past four weeks.

The stock recorded this price increase on reports that the company may attract takeover interest. DealReporter, on Friday, had reported that FactSet is anticipated to attract takeover interest and that at least one major player is currently interested in the company.

Price and Consensus

This financial data firm is expected to post quarterly earnings of $2.75 per share in its upcoming report, which represents a year-over-year change of -3.9%. Revenues are expected to be $396.94 million, up 6.1% 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 FactSet, the consensus EPS estimate for the quarter has been revised 0.9% 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 FDS 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 >>>>