Vishay Precision (VPG Quick QuoteVPG - Free Report) shares ended the last trading session 7.6% higher at $33.06. 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 15.7% loss over the past four weeks.

Vishay extended its rally, driven by solid momentum across the Weighing and Control Systems segment. Positive contributions from the acquisition of Diversified Technical Systems remain tailwinds. Further, well-performing Force Sensors segment owing to growing momentum in the industrial weighing markets, is benefiting the company.

This precision sensors and systems producer is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of +20.9%. Revenues are expected to be $86 million, up 14% 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 Vishay, 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 VPG 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 >>>>