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Afya (AFYA) Surges 7.5%: Is This an Indication of Further Gains?
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Afya (AFYA - Free Report) shares rallied 7.5% in the last trading session to close at $15.56. 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 11.1% gain over the past four weeks.
Increase in B2B engagements, expansion efforts and emphasis on the Digital Services segment have been boosting investors’ confidence.
This medical education company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +26.9%. Revenues are expected to be $141.57 million, up 16.1% 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 Afya, the consensus EPS estimate for the quarter has been revised 10.4% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AFYA going forward to see if this recent jump can turn into more strength down the road.
Afya belongs to the Zacks Schools industry. Another stock from the same industry, Perdoceo Education (PRDO - Free Report) , closed the last trading session 1.1% higher at $12.64. Over the past month, PRDO has returned 0.6%.
Perdoceo Education's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.52. Compared to the company's year-ago EPS, this represents a change of +23.8%. Perdoceo Education currently boasts a Zacks Rank of #3 (Hold).
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Afya (AFYA) Surges 7.5%: Is This an Indication of Further Gains?
Afya (AFYA - Free Report) shares rallied 7.5% in the last trading session to close at $15.56. 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 11.1% gain over the past four weeks.
Increase in B2B engagements, expansion efforts and emphasis on the Digital Services segment have been boosting investors’ confidence.
This medical education company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +26.9%. Revenues are expected to be $141.57 million, up 16.1% 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 Afya, the consensus EPS estimate for the quarter has been revised 10.4% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AFYA 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 >>>>
Afya belongs to the Zacks Schools industry. Another stock from the same industry, Perdoceo Education (PRDO - Free Report) , closed the last trading session 1.1% higher at $12.64. Over the past month, PRDO has returned 0.6%.
Perdoceo Education's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.52. Compared to the company's year-ago EPS, this represents a change of +23.8%. Perdoceo Education currently boasts a Zacks Rank of #3 (Hold).