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Strength Seen in Fidus Investment (FDUS): Can Its 5.6% Jump Turn into More Strength?
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Fidus Investment (FDUS - Free Report) shares ended the last trading session 5.6% higher at $20.41. 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 4.7% gain over the past four weeks.
Fidus Investment shares advanced sharply in yesterday’s trading session, likely reflecting a favorable broader market backdrop and renewed investor interest in FDUS’s dividend-paying income profile.
This closed-end investment company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of -12.3%. Revenues are expected to be $42.47 million, up 6.3% 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 Fidus Investment, 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 FDUS going forward to see if this recent jump can turn into more strength down the road.
Fidus Investment is part of the Zacks Financial - SBIC & Commercial Industry industry. Sixth Street (TSLX - Free Report) , another stock in the same industry, closed the last trading session 0.5% lower at $17.2. TSLX has returned -0.6% in the past month.
For Sixth St, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.42. This represents a change of -25% from what the company reported a year ago. Sixth St currently has a Zacks Rank of #5 (Strong Sell).
View the Zacks #1 Rank List
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Strength Seen in Fidus Investment (FDUS): Can Its 5.6% Jump Turn into More Strength?
Fidus Investment (FDUS - Free Report) shares ended the last trading session 5.6% higher at $20.41. 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 4.7% gain over the past four weeks.
Fidus Investment shares advanced sharply in yesterday’s trading session, likely reflecting a favorable broader market backdrop and renewed investor interest in FDUS’s dividend-paying income profile.
This closed-end investment company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of -12.3%. Revenues are expected to be $42.47 million, up 6.3% 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 Fidus Investment, 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 FDUS 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 >>>>
Fidus Investment is part of the Zacks Financial - SBIC & Commercial Industry industry. Sixth Street (TSLX - Free Report) , another stock in the same industry, closed the last trading session 0.5% lower at $17.2. TSLX has returned -0.6% in the past month.
For Sixth St, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.42. This represents a change of -25% from what the company reported a year ago. Sixth St currently has a Zacks Rank of #5 (Strong Sell).