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Perimeter Solutions, SA (PRM) Surges 6.0%: Is This an Indication of Further Gains?
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Perimeter Solutions, SA (PRM - Free Report) shares ended the last trading session 6% higher at $37.78. 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 6.4% gain over the past four weeks.
PRM’s gain appears to reflect favorable industry trends that are expected to continue to drive demand for fire retardant products. Multi-year fire safety contracts materially improve revenue and earnings durability. The company’s Specialty Products segment is also seeing growth aided by recent acquisitions.
This company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +10.3%. Revenues are expected to be $214.6 million, up 32% 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 Perimeter Solutions, SA, the consensus EPS estimate for the quarter has been revised 1.2% 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 PRM going forward to see if this recent jump can turn into more strength down the road.
Perimeter Solutions, SA belongs to the Zacks Chemical - Specialty industry. Another stock from the same industry, Quaker Chemical (KWR - Free Report) , closed the last trading session 1.4% higher at $150.18. Over the past month, KWR has returned 5.6%.
Quaker Chemical's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.61. Compared to the company's year-ago EPS, this represents a change of -5.9%. Quaker Chemical currently boasts a Zacks Rank of #4 (Sell).
View the Zacks #1 Rank List
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Perimeter Solutions, SA (PRM) Surges 6.0%: Is This an Indication of Further Gains?
Perimeter Solutions, SA (PRM - Free Report) shares ended the last trading session 6% higher at $37.78. 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 6.4% gain over the past four weeks.
PRM’s gain appears to reflect favorable industry trends that are expected to continue to drive demand for fire retardant products. Multi-year fire safety contracts materially improve revenue and earnings durability. The company’s Specialty Products segment is also seeing growth aided by recent acquisitions.
This company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +10.3%. Revenues are expected to be $214.6 million, up 32% 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 Perimeter Solutions, SA, the consensus EPS estimate for the quarter has been revised 1.2% 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 PRM 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 >>>>
Perimeter Solutions, SA belongs to the Zacks Chemical - Specialty industry. Another stock from the same industry, Quaker Chemical (KWR - Free Report) , closed the last trading session 1.4% higher at $150.18. Over the past month, KWR has returned 5.6%.
Quaker Chemical's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.61. Compared to the company's year-ago EPS, this represents a change of -5.9%. Quaker Chemical currently boasts a Zacks Rank of #4 (Sell).