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.
InnovAge (INNV) Moves 7.8% Higher: Will This Strength Last?
Read MoreHide Full Article
InnovAge Holding Corp. (INNV - Free Report) shares rallied 7.8% in the last trading session to close at $5.82. 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 11.6% gain over the past four weeks.
InnovAge witnessed a strong price rise on investors’ optimism surrounding its robust revenue growth in fiscal first quarter 2025. Total revenues of $236.1 million, increased approximately 15.1% year over year in fiscal first quarter compared to year ago period. In addition, net income was $7.7 million compared to year ago quarter’s net loss of $5.7 million.
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 +140%. Revenues are expected to be $228.16 million, up 9.2% 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 InnovAge, the consensus EPS estimate for the quarter has been revised 20% 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 INNV going forward to see if this recent jump can turn into more strength down the road.
InnovAge is a member of the Zacks Medical Services industry. One other stock in the same industry, Danaher (DHR - Free Report) , finished the last trading session 1% higher at $228.53. DHR has returned 2.3% over the past month.
For Danaher, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.14. This represents no change from what the company reported a year ago. Danaher currently has a Zacks Rank of #4 (Sell).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
InnovAge (INNV) Moves 7.8% Higher: Will This Strength Last?
InnovAge Holding Corp. (INNV - Free Report) shares rallied 7.8% in the last trading session to close at $5.82. 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 11.6% gain over the past four weeks.
InnovAge witnessed a strong price rise on investors’ optimism surrounding its robust revenue growth in fiscal first quarter 2025. Total revenues of $236.1 million, increased approximately 15.1% year over year in fiscal first quarter compared to year ago period. In addition, net income was $7.7 million compared to year ago quarter’s net loss of $5.7 million.
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 +140%. Revenues are expected to be $228.16 million, up 9.2% 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 InnovAge, the consensus EPS estimate for the quarter has been revised 20% 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 INNV 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 >>>>
InnovAge is a member of the Zacks Medical Services industry. One other stock in the same industry, Danaher (DHR - Free Report) , finished the last trading session 1% higher at $228.53. DHR has returned 2.3% over the past month.
For Danaher, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.14. This represents no change from what the company reported a year ago. Danaher currently has a Zacks Rank of #4 (Sell).