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Federal Signal (FSS) Soars 4.1%: Is Further Upside Left in the Stock?
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Federal Signal (FSS - Free Report) shares ended the last trading session 4.1% higher at $118.52. 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 1.4% gain over the past four weeks.
Shares of Federal Signal surged after it agreed to acquire select assets and operations of Western Technology. The deal expands Federal Signal’s industrial signaling portfolio into portable explosion-protected lighting for hazardous applications. Federal Signal expects to leverage its platform to drive synergies through expanded sales channels, improved manufacturing efficiencies and accelerated new product development.
This company that makes products ranging from street sweepers to toll booth technology for government, industrial and commercial customers is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +9.4%. Revenues are expected to be $669.78 million, up 18.6% 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 Federal Signal, 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 FSS going forward to see if this recent jump can turn into more strength down the road.
Federal Signal is part of the Zacks Automotive - Domestic industry. Oshkosh (OSK - Free Report) , another stock in the same industry, closed the last trading session 1.3% higher at $139.54. OSK has returned 9.5% in the past month.
Oshkosh's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.73. Compared to the company's year-ago EPS, this represents a change of -19.9%. Oshkosh currently boasts a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
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Federal Signal (FSS) Soars 4.1%: Is Further Upside Left in the Stock?
Federal Signal (FSS - Free Report) shares ended the last trading session 4.1% higher at $118.52. 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 1.4% gain over the past four weeks.
Shares of Federal Signal surged after it agreed to acquire select assets and operations of Western Technology. The deal expands Federal Signal’s industrial signaling portfolio into portable explosion-protected lighting for hazardous applications. Federal Signal expects to leverage its platform to drive synergies through expanded sales channels, improved manufacturing efficiencies and accelerated new product development.
This company that makes products ranging from street sweepers to toll booth technology for government, industrial and commercial customers is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +9.4%. Revenues are expected to be $669.78 million, up 18.6% 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 Federal Signal, 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 FSS 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 >>>>
Federal Signal is part of the Zacks Automotive - Domestic industry. Oshkosh (OSK - Free Report) , another stock in the same industry, closed the last trading session 1.3% higher at $139.54. OSK has returned 9.5% in the past month.
Oshkosh's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.73. Compared to the company's year-ago EPS, this represents a change of -19.9%. Oshkosh currently boasts a Zacks Rank of #3 (Hold).