Aterian shares soared 23.8% in the last trading session to close at $5. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 88.8% gain over the past four weeks.

The stock is benefiting from the company’s underlying strength in its business, driven by continued product growth and acquisitions.

This company is expected to post quarterly loss of $0.24 per share in its upcoming report, which represents a year-over-year change of +62.5%. Revenues are expected to be $45.37 million, down 5.8% 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 Aterian, 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 ATER going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Aterian belongs to the Zacks Technology Services industry. Another stock from the same industry, CleanSpark (CLSK Quick QuoteCLSK - Free Report) , closed the last trading session 2.4% lower at $9.77. Over the past month, CLSK has returned 4.8%.

For CleanSpark, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.30. This represents a change of +500% from what the company reported a year ago. CleanSpark currently has a Zacks Rank of #2 (Buy).