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Tronox (TROX) Soars 19.5%: Is Further Upside Left in the Stock?
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Tronox (TROX - Free Report) shares soared 19.5% in the last trading session to close at $5.39. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 34.5% loss over the past four weeks.
TROX’s rally is driven by a surge in material stocks after President Trump announced he would pause reciprocal tariffs for 90 days for most countries.
This producer of titanium ore and titanium dioxide is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +160%. Revenues are expected to be $762.92 million, down 1.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Tronox, 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 TROX going forward to see if this recent jump can turn into more strength down the road.
Tronox is part of the Zacks Chemical - Diversified industry. LyondellBasell (LYB - Free Report) , another stock in the same industry, closed the last trading session 12.4% higher at $59.83. LYB has returned -28% in the past month.
For LyondellBasell, the consensus EPS estimate for the upcoming report has changed -16.2% over the past month to $0.43. This represents a change of -71.9% from what the company reported a year ago. LyondellBasell currently has a Zacks Rank of #5 (Strong Sell).
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Tronox (TROX) Soars 19.5%: Is Further Upside Left in the Stock?
Tronox (TROX - Free Report) shares soared 19.5% in the last trading session to close at $5.39. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 34.5% loss over the past four weeks.
TROX’s rally is driven by a surge in material stocks after President Trump announced he would pause reciprocal tariffs for 90 days for most countries.
This producer of titanium ore and titanium dioxide is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +160%. Revenues are expected to be $762.92 million, down 1.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Tronox, 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 TROX 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 >>>>
Tronox is part of the Zacks Chemical - Diversified industry. LyondellBasell (LYB - Free Report) , another stock in the same industry, closed the last trading session 12.4% higher at $59.83. LYB has returned -28% in the past month.
For LyondellBasell, the consensus EPS estimate for the upcoming report has changed -16.2% over the past month to $0.43. This represents a change of -71.9% from what the company reported a year ago. LyondellBasell currently has a Zacks Rank of #5 (Strong Sell).