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BrightView (BV) Moves 8.9% Higher: Will This Strength Last?
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BrightView Holdings (BV - Free Report) shares rallied 8.9% in the last trading session to close at $12.77. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.4% loss over the past four weeks.
The stock is benefiting from the company’s strong organic growth, customer additions, improved ancillary penetration and disciplined pricing efforts.
This investment company is expected to post quarterly earnings of $0.49 per share in its upcoming report, which represents a year-over-year change of +11.4%. Revenues are expected to be $727.92 million, up 8.1% 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 BrightView, 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 BV going forward to see if this recent jump can turn into more strength down the road.
BrightView is a member of the Zacks Consumer Services - Miscellaneous industry. One other stock in the same industry, Genasys (GNSS - Free Report) , finished the last trading session 3.9% higher at $3.75. GNSS has returned -2.7% over the past month.
For Genasys, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.02. This represents a change of -300% from what the company reported a year ago. Genasys currently has a Zacks Rank of #3 (Hold).
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BrightView (BV) Moves 8.9% Higher: Will This Strength Last?
BrightView Holdings (BV - Free Report) shares rallied 8.9% in the last trading session to close at $12.77. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.4% loss over the past four weeks.
The stock is benefiting from the company’s strong organic growth, customer additions, improved ancillary penetration and disciplined pricing efforts.
This investment company is expected to post quarterly earnings of $0.49 per share in its upcoming report, which represents a year-over-year change of +11.4%. Revenues are expected to be $727.92 million, up 8.1% 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 BrightView, 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 BV going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
BrightView is a member of the Zacks Consumer Services - Miscellaneous industry. One other stock in the same industry, Genasys (GNSS - Free Report) , finished the last trading session 3.9% higher at $3.75. GNSS has returned -2.7% over the past month.
For Genasys, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.02. This represents a change of -300% from what the company reported a year ago. Genasys currently has a Zacks Rank of #3 (Hold).