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Strength Seen in Landmark Bancorp (LARK): Can Its 6.3% Jump Turn into More Strength?
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Landmark Bancorp (LARK - Free Report) shares soared 6.3% in the last trading session to close at $32.97. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.7% gain over the past four weeks.
Shares of Landmark Bancorp rose yesterday driven by the optimism surrounding its upcoming third quarter results, supported by the company’s better-than-expected second-quarter earnings performance. This bank holding company is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of +9.9%. Revenues are expected to be $19.1 million, up 5.2% 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 Landmark Bancorp, 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 LARK going forward to see if this recent jump can turn into more strength down the road.
Landmark Bancorp is part of the Zacks Financial - Savings and Loan industry. TFS Financial (TFSL - Free Report) , another stock in the same industry, closed the last trading session 1.6% higher at $16.66. TFSL has returned -0.7% in the past month.
TFS Financial's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.09. Compared to the company's year-ago EPS, this represents no change. TFS Financial currently boasts a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
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Strength Seen in Landmark Bancorp (LARK): Can Its 6.3% Jump Turn into More Strength?
Landmark Bancorp (LARK - Free Report) shares soared 6.3% in the last trading session to close at $32.97. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.7% gain over the past four weeks.
Shares of Landmark Bancorp rose yesterday driven by the optimism surrounding its upcoming third quarter results, supported by the company’s better-than-expected second-quarter earnings performance. This bank holding company is expected to post quarterly earnings of $0.89 per share in its upcoming report, which represents a year-over-year change of +9.9%. Revenues are expected to be $19.1 million, up 5.2% 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 Landmark Bancorp, 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 LARK 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 >>>>
Landmark Bancorp is part of the Zacks Financial - Savings and Loan industry. TFS Financial (TFSL - Free Report) , another stock in the same industry, closed the last trading session 1.6% higher at $16.66. TFSL has returned -0.7% in the past month.
TFS Financial's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.09. Compared to the company's year-ago EPS, this represents no change. TFS Financial currently boasts a Zacks Rank of #3 (Hold).