Crawford & Company B (CRD.B) Soars 9.5%: Is Further Upside Left in the Stock?
Crawford & Company B (CRD.B) shares ended the last trading session 9.5% higher at $8. 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 30.4% gain over the past four weeks.
The positive response from investors can be correlated with the improving margins due to the company’s investment in hiring experts, improvement in pricing, productivity and processes. The company is also benefiting from aligning the cost structure with the market condition.
This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +13.3%. Revenues are expected to be $298.53 million, up 7% 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 Crawford & Company B, the consensus EPS estimate for the quarter has been revised 5.6% 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 CRD.B going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Crawford & Company B is part of the Zacks Business - Services industry. SPS Commerce (SPSC), another stock in the same industry, closed the last trading session 0.9% higher at $147.15. SPSC has returned -1.6% in the past month.
SPS Commerce's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.57. Compared to the company's year-ago EPS, this represents a change of +3.6%. SPS Commerce currently boasts a Zacks Rank of #1 (Strong Buy).
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