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Rogers Corp. (ROG) Surges 4.0%: Is This an Indication of Further Gains?
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Rogers Corp. (ROG - Free Report) shares rallied 4% in the last trading session to close at $161.14. 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 15.8% gain over the past four weeks.
The optimism surrounding the stock can be attributed to improving demand across Rogers’ industrial, electronics and communications businesses, supported by growth in semiconductor, wireless infrastructure and high-end smartphone applications. Further, the company is also making progress in developing microchannel cooling solutions and high-frequency circuit materials for AI data centers, which management sees as a significant long-term growth opportunity, are supporting investor confidence in the company’s growth outlook.
This specialty materials company is expected to post quarterly earnings of $0.99 per share in its upcoming report, which represents a year-over-year change of +191.2%. Revenues are expected to be $215.5 million, up 6.3% 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 Rogers Corp., 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 ROG going forward to see if this recent jump can turn into more strength down the road.
Rogers Corp. is a member of the Zacks Electronics - Miscellaneous Components industry. One other stock in the same industry, Vishay Precision (VPG - Free Report) , finished the last trading session 5.2% lower at $138.44. VPG has returned 38.8% over the past month.
Vishay's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.19. Compared to the company's year-ago EPS, this represents a change of +11.8%. Vishay currently boasts a Zacks Rank of #1 (Strong Buy).
View the Zacks #1 Rank List
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Rogers Corp. (ROG) Surges 4.0%: Is This an Indication of Further Gains?
Rogers Corp. (ROG - Free Report) shares rallied 4% in the last trading session to close at $161.14. 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 15.8% gain over the past four weeks.
The optimism surrounding the stock can be attributed to improving demand across Rogers’ industrial, electronics and communications businesses, supported by growth in semiconductor, wireless infrastructure and high-end smartphone applications. Further, the company is also making progress in developing microchannel cooling solutions and high-frequency circuit materials for AI data centers, which management sees as a significant long-term growth opportunity, are supporting investor confidence in the company’s growth outlook.
This specialty materials company is expected to post quarterly earnings of $0.99 per share in its upcoming report, which represents a year-over-year change of +191.2%. Revenues are expected to be $215.5 million, up 6.3% 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 Rogers Corp., 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 ROG 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 >>>>
Rogers Corp. is a member of the Zacks Electronics - Miscellaneous Components industry. One other stock in the same industry, Vishay Precision (VPG - Free Report) , finished the last trading session 5.2% lower at $138.44. VPG has returned 38.8% over the past month.
Vishay's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.19. Compared to the company's year-ago EPS, this represents a change of +11.8%. Vishay currently boasts a Zacks Rank of #1 (Strong Buy).