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Diebold Nixdorf, Incorporated (DBD) Soars 5.9%: Is Further Upside Left in the Stock?

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Diebold Nixdorf, Incorporated (DBD - Free Report) shares ended the last trading session 5.9% higher at $84.51. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.1% gain over the past four weeks.

Diebold Nixdorf is benefiting from a lean operating model, strategic growth in banking and retail, rising adoption of automation and AI solutions, stronger financial performance with record free cash flow, and its inclusion in the S&P SmallCap 600 Index, boosting overall shareholder value.

This company is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of +771.4%. Revenues are expected to be $865.2 million, up 2.9% 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 Diebold Nixdorf, Incorporated, 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 DBD 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 >>>>

Diebold Nixdorf, Incorporated belongs to the Zacks Internet - Software industry. Another stock from the same industry, Paycom Software (PAYC - Free Report) , closed the last trading session 2.5% lower at $114.84. Over the past month, PAYC has returned -9.6%.

For Paycom, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.93. This represents a change of +4.6% from what the company reported a year ago. Paycom currently has a Zacks Rank of #3 (Hold).

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