GP Strategies shares soared 26.6% in the last trading session to close at $19.95. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1.9% loss over the past four weeks.

Shares of GP Strategies jumped after the company has agreed to be acquired by London-based Learning Technologies Group in a $394 million transaction. This transaction, which has been approved by GP Strategies' board of directors, represents a premium of 32% over the closing price on Jul 14, 2021. Upon closing of the deal, which is expected during the fourth quarter of 2021, GP Strategies will become a division of Learning Technologies Group and its shares will no longer be listed on the NYSE.

This provider of training, consulting and engineering services is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +91.7%. Revenues are expected to be $127.29 million, up 19.9% 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 GP Strategies, 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 GPX 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 >>>>