We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Twin Disc (TWIN) Soars 12.5%: Is Further Upside Left in the Stock?
Read MoreHide Full Article
Twin Disc, Inc. (TWIN - Free Report) shares rallied 12.5% in the last trading session to close at $11.87. 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 2.6% gain over the past four weeks.
Twin Disc’s rally is largely driven by optimism over healthy growth in aftermarket orders across many of the company’s global markets. Improvement in demand trends driven by re-opening efforts, coupled with benefits of government stimulus programs, and an improving repair and replacement cycle are likely to boost its operational performance in the quarters ahead.
Price and Consensus
This power transmission equipment maker is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +58.3%. Revenues are expected to be $60.25 million, up 1.5% 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 Twin Disc, 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 TWIN going forward to see if this recent jump can turn into more strength down the road.
Image: Bigstock
Twin Disc (TWIN) Soars 12.5%: Is Further Upside Left in the Stock?
Twin Disc, Inc. (TWIN - Free Report) shares rallied 12.5% in the last trading session to close at $11.87. 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 2.6% gain over the past four weeks.
Twin Disc’s rally is largely driven by optimism over healthy growth in aftermarket orders across many of the company’s global markets. Improvement in demand trends driven by re-opening efforts, coupled with benefits of government stimulus programs, and an improving repair and replacement cycle are likely to boost its operational performance in the quarters ahead.
Price and Consensus
This power transmission equipment maker is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +58.3%. Revenues are expected to be $60.25 million, up 1.5% 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 Twin Disc, 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 TWIN 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 >>>>