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Olo Inc. (OLO) Surges 9.3%: Is This an Indication of Further Gains?
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Olo Inc. (OLO - Free Report) shares ended the last trading session 9.3% higher at $10.04. 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.
Olo is riding on strong demand for its SaaS-based solutions. The company is witnessing strong transaction volume growth and growing use cases of its solutions.
This company is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of -100%. Revenues are expected to be $45.83 million, up 27.7% 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 Olo Inc., 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 OLO going forward to see if this recent jump can turn into more strength down the road.
Olo Inc. is part of the Zacks Internet - Software industry. AudioEye (AEYE - Free Report) , another stock in the same industry, closed the last trading session 2.6% higher at $5.23. AEYE has returned 49.6% in the past month.
AudioEye's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.33. Compared to the company's year-ago EPS, this represents a change of -94.1%. AudioEye currently boasts a Zacks Rank of #2 (Buy).
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Olo Inc. (OLO) Surges 9.3%: Is This an Indication of Further Gains?
Olo Inc. (OLO - Free Report) shares ended the last trading session 9.3% higher at $10.04. 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.
Olo is riding on strong demand for its SaaS-based solutions. The company is witnessing strong transaction volume growth and growing use cases of its solutions.
This company is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of -100%. Revenues are expected to be $45.83 million, up 27.7% 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 Olo Inc., 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 OLO 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 >>>>
Olo Inc. is part of the Zacks Internet - Software industry. AudioEye (AEYE - Free Report) , another stock in the same industry, closed the last trading session 2.6% higher at $5.23. AEYE has returned 49.6% in the past month.
AudioEye's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.33. Compared to the company's year-ago EPS, this represents a change of -94.1%. AudioEye currently boasts a Zacks Rank of #2 (Buy).