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.
TIM (TIMB) Surges 6.0%: Is This an Indication of Further Gains?
Read MoreHide Full Article
TIM S.A. Sponsored ADR (TIMB - Free Report) shares soared 6% in the last trading session to close at $17.8. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.8% loss over the past four weeks.
The uptrend is largely due to the aggressive 5G rollout throughout the country. The company aims to continue using the asset-light model to expand its broadband footprint while evolving its B2B verticals, bringing IOT connectivity and solutions to Brazil’s infrastructure.
This company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of -6.5%. Revenues are expected to be $1.37 billion, up 11.2% 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 TIM, 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 TIMB going forward to see if this recent jump can turn into more strength down the road.
TIM is a member of the Zacks Wireless Non-US industry. One other stock in the same industry, Ceragon Networks (CRNT - Free Report) , finished the last trading session 5.2% higher at $2.21. CRNT has returned 1.5% over the past month.
Ceragon's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.04. Compared to the company's year-ago EPS, this represents a change of +100%. Ceragon currently boasts a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
Image: Bigstock
TIM (TIMB) Surges 6.0%: Is This an Indication of Further Gains?
TIM S.A. Sponsored ADR (TIMB - Free Report) shares soared 6% in the last trading session to close at $17.8. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.8% loss over the past four weeks.
The uptrend is largely due to the aggressive 5G rollout throughout the country. The company aims to continue using the asset-light model to expand its broadband footprint while evolving its B2B verticals, bringing IOT connectivity and solutions to Brazil’s infrastructure.
This company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of -6.5%. Revenues are expected to be $1.37 billion, up 11.2% 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 TIM, 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 TIMB 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 >>>>
TIM is a member of the Zacks Wireless Non-US industry. One other stock in the same industry, Ceragon Networks (CRNT - Free Report) , finished the last trading session 5.2% higher at $2.21. CRNT has returned 1.5% over the past month.
Ceragon's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.04. Compared to the company's year-ago EPS, this represents a change of +100%. Ceragon currently boasts a Zacks Rank of #3 (Hold).