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KE Hodlings (BEKE) Moves 7.5% Higher: Will This Strength Last?
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KE Holdings Inc. Sponsored ADR (BEKE - Free Report) shares rallied 7.5% in the last trading session to close at $15.45. 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 4.8% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to the favorable operating environment.
This company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -12.5%. Revenues are expected to be $3.23 billion, up 32.3% 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 KE Hodlings, 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 BEKE going forward to see if this recent jump can turn into more strength down the road.
KE Hodlings is a member of the Zacks Real Estate - Operations industry. One other stock in the same industry, Zillow (Z - Free Report) , finished the last trading session 2.3% lower at $65.52. Z has returned 19.1% over the past month.
For Zillow, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.32. This represents a change of -3% from what the company reported a year ago. Zillow currently has a Zacks Rank of #2 (Buy).
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KE Hodlings (BEKE) Moves 7.5% Higher: Will This Strength Last?
KE Holdings Inc. Sponsored ADR (BEKE - Free Report) shares rallied 7.5% in the last trading session to close at $15.45. 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 4.8% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to the favorable operating environment.
This company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -12.5%. Revenues are expected to be $3.23 billion, up 32.3% 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 KE Hodlings, 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 BEKE 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 >>>>
KE Hodlings is a member of the Zacks Real Estate - Operations industry. One other stock in the same industry, Zillow (Z - Free Report) , finished the last trading session 2.3% lower at $65.52. Z has returned 19.1% over the past month.
For Zillow, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.32. This represents a change of -3% from what the company reported a year ago. Zillow currently has a Zacks Rank of #2 (Buy).