We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ServiceTitan Inc. (TTAN) Stock Jumps 7.4%: Will It Continue to Soar?
Read MoreHide Full Article
ServiceTitan Inc. (TTAN - Free Report) shares ended the last trading session 7.4% higher at $84.22. 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 10.9% gain over the past four weeks.
ServiceTitan is benefitting from strong customer adoption of its AI powered Max platform, an expanding trades software market opportunity and rising analyst confidence in its long term growth strategy.
This company is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +9.1%. Revenues are expected to be $285.14 million, up 17.8% 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 ServiceTitan Inc., 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 TTAN going forward to see if this recent jump can turn into more strength down the road.
ServiceTitan Inc. belongs to the Zacks Internet - Software industry. Another stock from the same industry, Sportradar Group AG (SRAD - Free Report) , closed the last trading session 0.9% higher at $14.95. Over the past month, SRAD has returned -1%.
For Sportradar Group, the consensus EPS estimate for the upcoming report has changed -5.3% over the past month to $0.06. This represents a change of -64.7% from what the company reported a year ago. Sportradar Group currently has a Zacks Rank of #5 (Strong Sell).
View the Zacks #1 Rank List
Image: Bigstock
ServiceTitan Inc. (TTAN) Stock Jumps 7.4%: Will It Continue to Soar?
ServiceTitan Inc. (TTAN - Free Report) shares ended the last trading session 7.4% higher at $84.22. 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 10.9% gain over the past four weeks.
ServiceTitan is benefitting from strong customer adoption of its AI powered Max platform, an expanding trades software market opportunity and rising analyst confidence in its long term growth strategy.
This company is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +9.1%. Revenues are expected to be $285.14 million, up 17.8% 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 ServiceTitan Inc., 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 TTAN 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 >>>>
ServiceTitan Inc. belongs to the Zacks Internet - Software industry. Another stock from the same industry, Sportradar Group AG (SRAD - Free Report) , closed the last trading session 0.9% higher at $14.95. Over the past month, SRAD has returned -1%.
For Sportradar Group, the consensus EPS estimate for the upcoming report has changed -5.3% over the past month to $0.06. This represents a change of -64.7% from what the company reported a year ago. Sportradar Group currently has a Zacks Rank of #5 (Strong Sell).