We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Piper Sandler Companies (PIPR) Stock Jumps 4.4%: Will It Continue to Soar?
Read MoreHide Full Article
Piper Sandler Companies (PIPR - Free Report) shares soared 4.4% in the last trading session to close at $302.62. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.5% gain over the past four weeks.
Piper Sandler stock increased in price for the second consecutive trading session. There has been growing optimism among investors regarding the performance of investment banks given the gradual rebound in deal-making activities because of some clarity on Trump’s tariff plans. Thus, increased investor confidence on improving investment banking business performance probably drove the PIPR stock higher.
This company is expected to post quarterly earnings of $1.99 per share in its upcoming report, which represents a year-over-year change of -21%. Revenues are expected to be $344.7 million, up 1.6% 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 Piper Sandler Companies, 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 PIPR going forward to see if this recent jump can turn into more strength down the road.
Piper Sandler Companies belongs to the Zacks Financial - Investment Bank industry. Another stock from the same industry, Citigroup (C - Free Report) , closed the last trading session 1.5% higher at $87.08. Over the past month, C has returned 9.5%.
Citigroup's consensus EPS estimate for the upcoming report has changed +0.6% over the past month to $1.62. Compared to the company's year-ago EPS, this represents a change of +6.6%. Citigroup currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Piper Sandler Companies (PIPR) Stock Jumps 4.4%: Will It Continue to Soar?
Piper Sandler Companies (PIPR - Free Report) shares soared 4.4% in the last trading session to close at $302.62. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.5% gain over the past four weeks.
Piper Sandler stock increased in price for the second consecutive trading session. There has been growing optimism among investors regarding the performance of investment banks given the gradual rebound in deal-making activities because of some clarity on Trump’s tariff plans. Thus, increased investor confidence on improving investment banking business performance probably drove the PIPR stock higher.
This company is expected to post quarterly earnings of $1.99 per share in its upcoming report, which represents a year-over-year change of -21%. Revenues are expected to be $344.7 million, up 1.6% 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 Piper Sandler Companies, 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 PIPR 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 >>>>
Piper Sandler Companies belongs to the Zacks Financial - Investment Bank industry. Another stock from the same industry, Citigroup (C - Free Report) , closed the last trading session 1.5% higher at $87.08. Over the past month, C has returned 9.5%.
Citigroup's consensus EPS estimate for the upcoming report has changed +0.6% over the past month to $1.62. Compared to the company's year-ago EPS, this represents a change of +6.6%. Citigroup currently boasts a Zacks Rank of #3 (Hold).