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Strength Seen in Hudson Global (HSON): Can Its 11.4% Jump Turn into More Strength?
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Hudson Global (HSON - Free Report) shares soared 11.4% in the last trading session to close at $38.31. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 17.2% gain over the past four weeks.
The stock is benefiting from the company's better-than-expected fourth-quarter 2021 results, with both earnings and revenues surpassing the Zacks Consensus Estimate.
This staffing company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of +328.6%. Revenues are expected to be $47.5 million, up 37.8% 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 Hudson Global, 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 HSON going forward to see if this recent jump can turn into more strength down the road.
Hudson Global belongs to the Zacks Outsourcing industry. Another stock from the same industry, StarTek , closed the last trading session 3.4% higher at $4.51. Over the past month, SRT has returned -12.3%.
For StarTek, the consensus EPS estimate for the upcoming report has changed -28.6% over the past month to $0.05. This represents a change of +266.7% from what the company reported a year ago. StarTek currently has a Zacks Rank of #3 (Hold).
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Strength Seen in Hudson Global (HSON): Can Its 11.4% Jump Turn into More Strength?
Hudson Global (HSON - Free Report) shares soared 11.4% in the last trading session to close at $38.31. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 17.2% gain over the past four weeks.
The stock is benefiting from the company's better-than-expected fourth-quarter 2021 results, with both earnings and revenues surpassing the Zacks Consensus Estimate.
This staffing company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of +328.6%. Revenues are expected to be $47.5 million, up 37.8% 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 Hudson Global, 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 HSON 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 >>>>
Hudson Global belongs to the Zacks Outsourcing industry. Another stock from the same industry, StarTek , closed the last trading session 3.4% higher at $4.51. Over the past month, SRT has returned -12.3%.
For StarTek, the consensus EPS estimate for the upcoming report has changed -28.6% over the past month to $0.05. This represents a change of +266.7% from what the company reported a year ago. StarTek currently has a Zacks Rank of #3 (Hold).