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VIZIO Holding Corp. (VZIO) Stock Jumps 8.8%: Will It Continue to Soar?
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VIZIO Holding Corp. (VZIO - Free Report) shares soared 8.8% in the last trading session to close at $9.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10.1% gain over the past four weeks.
VIZIO Holding has been benefiting from its robust innovation design, along with leading technology and strong accessibility. The company has been gaining from its capability to deliver impressive home theatre experience. VIZIO Holding recently announced its much awaited 2023 M-Series audio collection, which has already received a CES Innovation Award as well as an iF Product Design award.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of +75%. Revenues are expected to be $428.8 million, up 6.9% 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 VIZIO Holding Corp., 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 VZIO going forward to see if this recent jump can turn into more strength down the road.
VIZIO Holding Corp. belongs to the Zacks Consumer Products - Discretionary industry. Another stock from the same industry, The RealReal (REAL - Free Report) , closed the last trading session 8.1% lower at $2.16. Over the past month, REAL has returned -29%.
The RealReal's consensus EPS estimate for the upcoming report has changed +4.4% over the past month to -$0.42. Compared to the company's year-ago EPS, this represents a change of +16%. The RealReal currently boasts a Zacks Rank of #4 (Sell).
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VIZIO Holding Corp. (VZIO) Stock Jumps 8.8%: Will It Continue to Soar?
VIZIO Holding Corp. (VZIO - Free Report) shares soared 8.8% in the last trading session to close at $9.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10.1% gain over the past four weeks.
VIZIO Holding has been benefiting from its robust innovation design, along with leading technology and strong accessibility. The company has been gaining from its capability to deliver impressive home theatre experience. VIZIO Holding recently announced its much awaited 2023 M-Series audio collection, which has already received a CES Innovation Award as well as an iF Product Design award.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of +75%. Revenues are expected to be $428.8 million, up 6.9% 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 VIZIO Holding Corp., 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 VZIO 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 >>>>
VIZIO Holding Corp. belongs to the Zacks Consumer Products - Discretionary industry. Another stock from the same industry, The RealReal (REAL - Free Report) , closed the last trading session 8.1% lower at $2.16. Over the past month, REAL has returned -29%.
The RealReal's consensus EPS estimate for the upcoming report has changed +4.4% over the past month to -$0.42. Compared to the company's year-ago EPS, this represents a change of +16%. The RealReal currently boasts a Zacks Rank of #4 (Sell).