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Strength Seen in Bluegreen Vacations Holding Corporation (BVH): Can Its 9.1% Jump Turn into More Strength?

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Bluegreen Vacations Holding Corporation (BVH - Free Report) shares ended the last trading session 9.1% higher at $20.42. 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 2.9% loss over the past four weeks.

Notably, increased optimism over an accelerated recovery of the travel industry coupled with continuity in vaccinations is likely to have driven the stock higher.

Price and Consensus

Price Consensus Chart for BVH

This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of +113.8%. Revenues are expected to be $169.97 million, up 80.2% 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 Bluegreen Vacations Holding Corporation, the consensus EPS estimate for the quarter has been revised 42.1% 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 BVH 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 >>>>

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