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CoreCard (CCRD) Surges 6.8%: Is This an Indication of Further Gains?
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CoreCard Corporation (CCRD - Free Report) shares rallied 6.8% in the last trading session to close at $11.02. 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 17.6% loss over the past four weeks.
The stock is benefiting from the company’s continued investment in platform and processing capabilities to cater to the rising demand for next-generation card management platforms.
This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -86.7%. Revenues are expected to be $12 million, down 18.7% 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 CoreCard, 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 CCRD going forward to see if this recent jump can turn into more strength down the road.
CoreCard is a member of the Zacks Technology Services industry. One other stock in the same industry, Vivid Seats Inc. (SEAT - Free Report) , finished the last trading session 2.8% higher at $5.84. SEAT has returned -6.3% over the past month.
For Vivid Seats, the consensus EPS estimate for the upcoming report has changed -25.6% over the past month to $0.04. This represents a change of -69.2% from what the company reported a year ago. Vivid Seats currently has a Zacks Rank of #4 (Sell).
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CoreCard (CCRD) Surges 6.8%: Is This an Indication of Further Gains?
CoreCard Corporation (CCRD - Free Report) shares rallied 6.8% in the last trading session to close at $11.02. 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 17.6% loss over the past four weeks.
The stock is benefiting from the company’s continued investment in platform and processing capabilities to cater to the rising demand for next-generation card management platforms.
This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -86.7%. Revenues are expected to be $12 million, down 18.7% 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 CoreCard, 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 CCRD 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 >>>>
CoreCard is a member of the Zacks Technology Services industry. One other stock in the same industry, Vivid Seats Inc. (SEAT - Free Report) , finished the last trading session 2.8% higher at $5.84. SEAT has returned -6.3% over the past month.
For Vivid Seats, the consensus EPS estimate for the upcoming report has changed -25.6% over the past month to $0.04. This represents a change of -69.2% from what the company reported a year ago. Vivid Seats currently has a Zacks Rank of #4 (Sell).