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Strength Seen in LCI (LCII): Can Its 8.9% Jump Turn into More Strength?
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LCI (LCII - Free Report) shares soared 8.9% in the last trading session to close at $81.71. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 17.9% loss over the past four weeks.
LCI stock surged amid a broader market rebound following the Trump administration’s announcement of a temporary halt on reciprocal tariffs for most countries. The move came in response to steep market declines and growing fears that tariff increases could push the economy into a recession.
This recreational vehicle parts supplier is expected to post quarterly earnings of $1.59 per share in its upcoming report, which represents a year-over-year change of +10.4%. Revenues are expected to be $967.78 million, down 0% 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 LCI, 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 LCII going forward to see if this recent jump can turn into more strength down the road.
LCI is a member of the Zacks Automotive - Original Equipment industry. One other stock in the same industry, Visteon (VC - Free Report) , finished the last trading session 9.7% higher at $73.77. VC has returned -20.6% over the past month.
For Visteon, the consensus EPS estimate for the upcoming report has changed -1.9% over the past month to $1.63. This represents a change of +1.2% from what the company reported a year ago. Visteon currently has a Zacks Rank of #4 (Sell).
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Strength Seen in LCI (LCII): Can Its 8.9% Jump Turn into More Strength?
LCI (LCII - Free Report) shares soared 8.9% in the last trading session to close at $81.71. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 17.9% loss over the past four weeks.
LCI stock surged amid a broader market rebound following the Trump administration’s announcement of a temporary halt on reciprocal tariffs for most countries. The move came in response to steep market declines and growing fears that tariff increases could push the economy into a recession.
This recreational vehicle parts supplier is expected to post quarterly earnings of $1.59 per share in its upcoming report, which represents a year-over-year change of +10.4%. Revenues are expected to be $967.78 million, down 0% 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 LCI, 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 LCII 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 >>>>
LCI is a member of the Zacks Automotive - Original Equipment industry. One other stock in the same industry, Visteon (VC - Free Report) , finished the last trading session 9.7% higher at $73.77. VC has returned -20.6% over the past month.
For Visteon, the consensus EPS estimate for the upcoming report has changed -1.9% over the past month to $1.63. This represents a change of +1.2% from what the company reported a year ago. Visteon currently has a Zacks Rank of #4 (Sell).