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Strength Seen in Vacasa, Inc. (VCSA): Can Its 10.4% Jump Turn into More Strength?

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Vacasa, Inc. (VCSA - Free Report) shares rallied 10.4% in the last trading session to close at $9.24. 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 2.1% gain over the past four weeks.

The positive response from investors can be due to the multiyear partnership with Matterport, integrating their Digital Twin Platform into property onboarding and guest services. This collaboration enhances Vacasa's management of tens of thousands of rentals, streamlining the capture, documentation, and promotion process with immersive virtual tours and high-res photos through a single appointment.

This company is expected to post quarterly loss of $6.82 per share in its upcoming report, which represents a year-over-year change of -197.4%. Revenues are expected to be $176.03 million, down 19.3% 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 Vacasa, 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 VCSA 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 >>>>

Vacasa, Inc. is a member of the Zacks Technology Services industry. One other stock in the same industry, Inspired Entertainment (INSE - Free Report) , finished the last trading session 4.5% lower at $9.53. INSE has returned 1% over the past month.

Inspired Entertainment's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.20. Compared to the company's year-ago EPS, this represents a change of +81.8%. Inspired Entertainment currently boasts a Zacks Rank of #3 (Hold).

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