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Strength Seen in RCI Hospitality (RICK): Can Its 7.8% Jump Turn into More Strength?
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RCI Hospitality (RICK - Free Report) shares ended the last trading session 7.8% higher at $39.06. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.8% loss over the past four weeks.
Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, RCI Hospitality shares soared, reflecting renewed investor optimism.
This adult nightclub chain is expected to post quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of +837.5%. Revenues are expected to be $71.73 million, down 0.8% 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 RCI Hospitality, 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 RICK going forward to see if this recent jump can turn into more strength down the road.
RCI Hospitality is part of the Zacks Leisure and Recreation Services industry. Trip.com (TCOM - Free Report) , another stock in the same industry, closed the last trading session 4.9% higher at $54.79. TCOM has returned -15.2% in the past month.
Trip.com's consensus EPS estimate for the upcoming report has changed +4.7% over the past month to $0.86. Compared to the company's year-ago EPS, this represents a change of +3.6%. Trip.com currently boasts a Zacks Rank of #4 (Sell).
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Strength Seen in RCI Hospitality (RICK): Can Its 7.8% Jump Turn into More Strength?
RCI Hospitality (RICK - Free Report) shares ended the last trading session 7.8% higher at $39.06. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.8% loss over the past four weeks.
Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, RCI Hospitality shares soared, reflecting renewed investor optimism.
This adult nightclub chain is expected to post quarterly earnings of $0.75 per share in its upcoming report, which represents a year-over-year change of +837.5%. Revenues are expected to be $71.73 million, down 0.8% 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 RCI Hospitality, 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 RICK going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
RCI Hospitality is part of the Zacks Leisure and Recreation Services industry. Trip.com (TCOM - Free Report) , another stock in the same industry, closed the last trading session 4.9% higher at $54.79. TCOM has returned -15.2% in the past month.
Trip.com's consensus EPS estimate for the upcoming report has changed +4.7% over the past month to $0.86. Compared to the company's year-ago EPS, this represents a change of +3.6%. Trip.com currently boasts a Zacks Rank of #4 (Sell).