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Strength Seen in REV Group (REVG): Can Its 5.9% Jump Turn into More Strength?
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REV Group (REVG - Free Report) shares soared 5.9% in the last trading session to close at $19.34. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.3% gain over the past four weeks.
The uptick followed an increase in its target price to $28 per share from $24 by Robert W Baird's analyst Mircea Dobre. Dobre has maintained a buy rating on the stock. Factors like upbeat earnings growth potential and strong liquidity have led to Dobre's bullish outlook on REVG. The company's EPS in 2025 is expected to double from 2023's reading.
This company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -25%. Revenues are expected to be $577.08 million, down 1.1% 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 REV Group, 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 REVG going forward to see if this recent jump can turn into more strength down the road.
REV Group belongs to the Zacks Transportation - Services industry. Another stock from the same industry, PowerFleet (PWFL - Free Report) , closed the last trading session 1.3% lower at $3.06. Over the past month, PWFL has returned -6.9%.
PowerFleet's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.01. Compared to the company's year-ago EPS, this represents a change of -200%. PowerFleet currently boasts a Zacks Rank of #3 (Hold).
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Strength Seen in REV Group (REVG): Can Its 5.9% Jump Turn into More Strength?
REV Group (REVG - Free Report) shares soared 5.9% in the last trading session to close at $19.34. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.3% gain over the past four weeks.
The uptick followed an increase in its target price to $28 per share from $24 by Robert W Baird's analyst Mircea Dobre. Dobre has maintained a buy rating on the stock. Factors like upbeat earnings growth potential and strong liquidity have led to Dobre's bullish outlook on REVG. The company's EPS in 2025 is expected to double from 2023's reading.
This company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -25%. Revenues are expected to be $577.08 million, down 1.1% 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 REV Group, 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 REVG 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 >>>>
REV Group belongs to the Zacks Transportation - Services industry. Another stock from the same industry, PowerFleet (PWFL - Free Report) , closed the last trading session 1.3% lower at $3.06. Over the past month, PWFL has returned -6.9%.
PowerFleet's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.01. Compared to the company's year-ago EPS, this represents a change of -200%. PowerFleet currently boasts a Zacks Rank of #3 (Hold).