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Viant (DSP) Moves 18.6% Higher: Will This Strength Last?
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Viant Technology (DSP - Free Report) shares ended the last trading session 18.6% higher at $11.88. 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 19.3% loss over the past four weeks.
The stock recorded this price increase as the company benefits from broad-based growth across verticals, fueled by strong customer demand for Connected TV, rising utilization of its intelligence and expanded use of Viant AI.
This advertising software company is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $109.15 million, up 27.5% 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 Viant, 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 DSP going forward to see if this recent jump can turn into more strength down the road.
Viant is a member of the Zacks Technology Services industry. One other stock in the same industry, AppLovin (APP - Free Report) , finished the last trading session 4.2% lower at $308.06. APP has returned 4.2% over the past month.
For AppLovin, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $3.95. This represents a change of +61.2% from what the company reported a year ago. AppLovin currently has a Zacks Rank of #3 (Hold).
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Viant (DSP) Moves 18.6% Higher: Will This Strength Last?
Viant Technology (DSP - Free Report) shares ended the last trading session 18.6% higher at $11.88. 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 19.3% loss over the past four weeks.
The stock recorded this price increase as the company benefits from broad-based growth across verticals, fueled by strong customer demand for Connected TV, rising utilization of its intelligence and expanded use of Viant AI.
This advertising software company is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $109.15 million, up 27.5% 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 Viant, 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 DSP 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 >>>>
Viant is a member of the Zacks Technology Services industry. One other stock in the same industry, AppLovin (APP - Free Report) , finished the last trading session 4.2% lower at $308.06. APP has returned 4.2% over the past month.
For AppLovin, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $3.95. This represents a change of +61.2% from what the company reported a year ago. AppLovin currently has a Zacks Rank of #3 (Hold).