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OneSpaWorld (OSW) Soars 5.4%: Is Further Upside Left in the Stock?
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OneSpaWorld (OSW - Free Report) shares ended the last trading session 5.4% higher at $9.22. 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 no gain, no loss over the past four weeks.
OneSpaWorld's rally is largely driven by optimism regarding the company’s pent-up consumer demand, improving retail conversion and increasing guest utilization through cross-promotion and rebooking tracking mechanisms. Also, emphasis on collaborative cruise line and destination resort partnerships bodes well for the company.
This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of +154.6%. Revenues are expected to be $133.95 million, up 206.9% 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 OneSpaWorld, the consensus EPS estimate for the quarter has been revised 16.7% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on OSW going forward to see if this recent jump can turn into more strength down the road.
OneSpaWorld is a member of the Zacks Leisure and Recreation Services industry. One other stock in the same industry, RCI Hospitality (RICK - Free Report) , finished the last trading session 2.7% higher at $82.14. RICK has returned 25.2% over the past month.
RCI Hospitality's consensus EPS estimate for the upcoming report has changed +4.6% over the past month to $1.33. Compared to the company's year-ago EPS, this represents a change of -15.8%. RCI Hospitality currently boasts a Zacks Rank of #1 (Strong Buy).
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OneSpaWorld (OSW) Soars 5.4%: Is Further Upside Left in the Stock?
OneSpaWorld (OSW - Free Report) shares ended the last trading session 5.4% higher at $9.22. 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 no gain, no loss over the past four weeks.
OneSpaWorld's rally is largely driven by optimism regarding the company’s pent-up consumer demand, improving retail conversion and increasing guest utilization through cross-promotion and rebooking tracking mechanisms. Also, emphasis on collaborative cruise line and destination resort partnerships bodes well for the company.
This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of +154.6%. Revenues are expected to be $133.95 million, up 206.9% 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 OneSpaWorld, the consensus EPS estimate for the quarter has been revised 16.7% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on OSW 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 >>>>
OneSpaWorld is a member of the Zacks Leisure and Recreation Services industry. One other stock in the same industry, RCI Hospitality (RICK - Free Report) , finished the last trading session 2.7% higher at $82.14. RICK has returned 25.2% over the past month.
RCI Hospitality's consensus EPS estimate for the upcoming report has changed +4.6% over the past month to $1.33. Compared to the company's year-ago EPS, this represents a change of -15.8%. RCI Hospitality currently boasts a Zacks Rank of #1 (Strong Buy).