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BTRS Holdings Inc. (BTRS) Surges 7.7%: Is This an Indication of Further Gains?

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BTRS Holdings Inc. (BTRS) shares soared 7.7% in the last trading session to close at $6.98. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.5% gain over the past four weeks.

The stock is currently benefiting from the company’s investments in sales and marketing, product and technology. BTRS has a sizable addressable market and differentiated solutions that are in high demand.

This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +62.5%. Revenues are expected to be $37.63 million, up 13.6% 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 BTRS Holdings Inc., the consensus EPS estimate for the quarter has been revised 56.3% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on BTRS 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 >>>>

BTRS Holdings Inc. is a member of the Zacks Technology Services industry. One other stock in the same industry, Jamf Holding (JAMF), finished the last trading session 2.9% higher at $35.76. JAMF has returned 6.5% over the past month.

Jamf Holding's consensus EPS estimate for the upcoming report has changed -50% over the past month to $0.01. Compared to the company's year-ago EPS, this represents a change of -87.5%. Jamf Holding currently boasts a Zacks Rank of #3 (Hold).

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