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WNS (WNS) Moves 8.3% Higher: Will This Strength Last?
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WNS (Holdings) Limited (WNS - Free Report) shares soared 8.3% in the last trading session to close at $66.59. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.9% gain over the past four weeks.
The stock has recorded this price hike as the company gains from healthy demand for traditional process management deals and service offerings improving at a healthy rate, including both client wins and retaining the existing ones.
This company is expected to post quarterly earnings of $1.41 per share in its upcoming report, which represents a year-over-year change of +25.9%. Revenues are expected to be $325.57 million, down 0.1% 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 WNS, the consensus EPS estimate for the quarter has been revised 3.7% 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 WNS going forward to see if this recent jump can turn into more strength down the road.
WNS belongs to the Zacks Business - Services industry. Another stock from the same industry, Everi Holdings (EVRI - Free Report) , closed the last trading session 0.3% higher at $13.71. Over the past month, EVRI has returned -0.6%.
For Everi Holdings, the consensus EPS estimate for the upcoming report has changed +35.4% over the past month to $0.19. This represents a change of +280% from what the company reported a year ago. Everi Holdings currently has a Zacks Rank of #3 (Hold).
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WNS (WNS) Moves 8.3% Higher: Will This Strength Last?
WNS (Holdings) Limited (WNS - Free Report) shares soared 8.3% in the last trading session to close at $66.59. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.9% gain over the past four weeks.
The stock has recorded this price hike as the company gains from healthy demand for traditional process management deals and service offerings improving at a healthy rate, including both client wins and retaining the existing ones.
This company is expected to post quarterly earnings of $1.41 per share in its upcoming report, which represents a year-over-year change of +25.9%. Revenues are expected to be $325.57 million, down 0.1% 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 WNS, the consensus EPS estimate for the quarter has been revised 3.7% 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 WNS 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 >>>>
WNS belongs to the Zacks Business - Services industry. Another stock from the same industry, Everi Holdings (EVRI - Free Report) , closed the last trading session 0.3% higher at $13.71. Over the past month, EVRI has returned -0.6%.
For Everi Holdings, the consensus EPS estimate for the upcoming report has changed +35.4% over the past month to $0.19. This represents a change of +280% from what the company reported a year ago. Everi Holdings currently has a Zacks Rank of #3 (Hold).