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Prudential (PRU) Soars 9.2%: Is Further Upside Left in the Stock?
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Prudential (PRU - Free Report) shares soared 9.2% in the last trading session to close at $103.91. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.9% loss over the past four weeks.
PRU's shares surged in response to the broader market rally after President Trump announced a 90-day pause of reciprocal tariffs for most countries.
This financial services company is expected to post quarterly earnings of $3.34 per share in its upcoming report, which represents a year-over-year change of +7.1%. Revenues are expected to be $14.58 billion, down 32.8% 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 Prudential, the consensus EPS estimate for the quarter has been revised 1.3% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on PRU going forward to see if this recent jump can turn into more strength down the road.
Prudential belongs to the Zacks Insurance - Multi line industry. Another stock from the same industry, James River Group (JRVR - Free Report) , closed the last trading session 3.5% higher at $4.10. Over the past month, JRVR has returned 0.5%.
For James River Group, the consensus EPS estimate for the upcoming report has changed -51.1% over the past month to $0.24. This represents a change of -38.5% from what the company reported a year ago. James River Group currently has a Zacks Rank of #5 (Strong Sell).
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Prudential (PRU) Soars 9.2%: Is Further Upside Left in the Stock?
Prudential (PRU - Free Report) shares soared 9.2% in the last trading session to close at $103.91. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.9% loss over the past four weeks.
PRU's shares surged in response to the broader market rally after President Trump announced a 90-day pause of reciprocal tariffs for most countries.
This financial services company is expected to post quarterly earnings of $3.34 per share in its upcoming report, which represents a year-over-year change of +7.1%. Revenues are expected to be $14.58 billion, down 32.8% 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 Prudential, the consensus EPS estimate for the quarter has been revised 1.3% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on PRU 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 >>>>
Prudential belongs to the Zacks Insurance - Multi line industry. Another stock from the same industry, James River Group (JRVR - Free Report) , closed the last trading session 3.5% higher at $4.10. Over the past month, JRVR has returned 0.5%.
For James River Group, the consensus EPS estimate for the upcoming report has changed -51.1% over the past month to $0.24. This represents a change of -38.5% from what the company reported a year ago. James River Group currently has a Zacks Rank of #5 (Strong Sell).