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Strength Seen in Serve Robotics Inc. (SERV): Can Its 6.4% Jump Turn into More Strength?
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Serve Robotics Inc. (SERV - Free Report) shares rallied 6.4% in the last trading session to close at $17.51. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 35.8% gain over the past four weeks.
SERV is benefiting from rapid fleet expansion, increased delivery volume, and advancements in AI and autonomy technology.
This company is expected to post quarterly loss of $0.37 per share in its upcoming report, which represents a year-over-year change of -85%. Revenues are expected to be $0.69 million, up 211.4% 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 Serve Robotics Inc., the consensus EPS estimate for the quarter has been revised 2.7% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on SERV going forward to see if this recent jump can turn into more strength down the road.
Serve Robotics Inc. is a member of the Zacks Computers - IT Services industry. One other stock in the same industry, Telos Corporation (TLS - Free Report) , finished the last trading session 4% lower at $6.91. TLS has returned 8% over the past month.
Telos' 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 +120%. Telos currently boasts a Zacks Rank of #3 (Hold).
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Strength Seen in Serve Robotics Inc. (SERV): Can Its 6.4% Jump Turn into More Strength?
Serve Robotics Inc. (SERV - Free Report) shares rallied 6.4% in the last trading session to close at $17.51. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 35.8% gain over the past four weeks.
SERV is benefiting from rapid fleet expansion, increased delivery volume, and advancements in AI and autonomy technology.
This company is expected to post quarterly loss of $0.37 per share in its upcoming report, which represents a year-over-year change of -85%. Revenues are expected to be $0.69 million, up 211.4% 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 Serve Robotics Inc., the consensus EPS estimate for the quarter has been revised 2.7% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on SERV 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 >>>>
Serve Robotics Inc. is a member of the Zacks Computers - IT Services industry. One other stock in the same industry, Telos Corporation (TLS - Free Report) , finished the last trading session 4% lower at $6.91. TLS has returned 8% over the past month.
Telos' 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 +120%. Telos currently boasts a Zacks Rank of #3 (Hold).