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Byrna Technologies (BYRN) Surges 18.0%: Is This an Indication of Further Gains?
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Byrna Technologies Inc. (BYRN - Free Report) shares ended the last trading session 18% higher at $31.35. 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 17.4% gain over the past four weeks.
The stock is benefitting from the record-setting revenue expectation announced during the company’s 2Q25 preliminary results. These record quarterly revenues mark a 41% y/y increase.
This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -69.2%. Revenues are expected to be $26 million, up 28.3% 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 Byrna Technologies, 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 BYRN going forward to see if this recent jump can turn into more strength down the road.
Byrna Technologies is a member of the Zacks Technology Services industry. One other stock in the same industry, Parsons (PSN - Free Report) , finished the last trading session 1.5% higher at $69.07. PSN has returned 6.3% over the past month.
Parsons' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.84. Compared to the company's year-ago EPS, this represents no change. Parsons currently boasts a Zacks Rank of #4 (Sell).
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Byrna Technologies (BYRN) Surges 18.0%: Is This an Indication of Further Gains?
Byrna Technologies Inc. (BYRN - Free Report) shares ended the last trading session 18% higher at $31.35. 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 17.4% gain over the past four weeks.
The stock is benefitting from the record-setting revenue expectation announced during the company’s 2Q25 preliminary results. These record quarterly revenues mark a 41% y/y increase.
This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -69.2%. Revenues are expected to be $26 million, up 28.3% 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 Byrna Technologies, 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 BYRN 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 >>>>
Byrna Technologies is a member of the Zacks Technology Services industry. One other stock in the same industry, Parsons (PSN - Free Report) , finished the last trading session 1.5% higher at $69.07. PSN has returned 6.3% over the past month.
Parsons' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.84. Compared to the company's year-ago EPS, this represents no change. Parsons currently boasts a Zacks Rank of #4 (Sell).