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GRINDR INC (GRND) Surges 10.7%: Is This an Indication of Further Gains?
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Grindr Inc. (GRND - Free Report) shares soared 10.7% in the last trading session to close at $13.24. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 25.6% loss over the past four weeks.
Grindr is benefiting from strong user growth, AI-driven product innovation, and rising ad and subscription revenues.
This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +140%. Revenues are expected to be $114.1 million, up 27.7% 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 GRINDR INC, 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 GRND going forward to see if this recent jump can turn into more strength down the road.
GRINDR INC is a member of the Zacks Internet - Software industry. One other stock in the same industry, Onestream (OS - Free Report) , finished the last trading session 1.3% lower at $17.49. OS has returned -6.6% over the past month.
Onestream's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.02. Compared to the company's year-ago EPS, this represents a change of +101.9%. Onestream currently boasts a Zacks Rank of #3 (Hold).
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GRINDR INC (GRND) Surges 10.7%: Is This an Indication of Further Gains?
Grindr Inc. (GRND - Free Report) shares soared 10.7% in the last trading session to close at $13.24. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 25.6% loss over the past four weeks.
Grindr is benefiting from strong user growth, AI-driven product innovation, and rising ad and subscription revenues.
This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +140%. Revenues are expected to be $114.1 million, up 27.7% 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 GRINDR INC, 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 GRND 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 >>>>
GRINDR INC is a member of the Zacks Internet - Software industry. One other stock in the same industry, Onestream (OS - Free Report) , finished the last trading session 1.3% lower at $17.49. OS has returned -6.6% over the past month.
Onestream's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.02. Compared to the company's year-ago EPS, this represents a change of +101.9%. Onestream currently boasts a Zacks Rank of #3 (Hold).