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.
ThyssenKrupp (TKAMY) Soars 5.9%: Is Further Upside Left in the Stock?
Read MoreHide Full Article
thyssenkrupp AG (TKAMY - Free Report) shares rallied 5.9% in the last trading session to close at $12.37. 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 7.6% gain over the past four weeks.
thyssenkrupp’s rally is primarily driven by optimism over strong momentum in Marine Systems segment. Within the segment, TKAMY is seeing order growth, driven by addition of four submarines under the German-Norwegian 212CD program, along with two more submarines added to Singapore’s existing order. Also, project progress in the new construction business as well as in the marine electronics and software businesses bode well for it.
This company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of +322.2%. Revenues are expected to be $8.83 billion, up 5.7% 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 ThyssenKrupp, 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 TKAMY going forward to see if this recent jump can turn into more strength down the road.
ThyssenKrupp is part of the Zacks Steel - Producers industry. Ternium S.A. (TX - Free Report) , another stock in the same industry, closed the last trading session 2.5% higher at $43.37. TX has returned 10% in the past month.
For Ternium, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.5. This represents a change of +457.1% from what the company reported a year ago. Ternium currently has a Zacks Rank of #1 (Strong Buy).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ThyssenKrupp (TKAMY) Soars 5.9%: Is Further Upside Left in the Stock?
thyssenkrupp AG (TKAMY - Free Report) shares rallied 5.9% in the last trading session to close at $12.37. 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 7.6% gain over the past four weeks.
thyssenkrupp’s rally is primarily driven by optimism over strong momentum in Marine Systems segment. Within the segment, TKAMY is seeing order growth, driven by addition of four submarines under the German-Norwegian 212CD program, along with two more submarines added to Singapore’s existing order. Also, project progress in the new construction business as well as in the marine electronics and software businesses bode well for it.
This company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of +322.2%. Revenues are expected to be $8.83 billion, up 5.7% 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 ThyssenKrupp, 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 TKAMY going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
ThyssenKrupp is part of the Zacks Steel - Producers industry. Ternium S.A. (TX - Free Report) , another stock in the same industry, closed the last trading session 2.5% higher at $43.37. TX has returned 10% in the past month.
For Ternium, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.5. This represents a change of +457.1% from what the company reported a year ago. Ternium currently has a Zacks Rank of #1 (Strong Buy).