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Strength Seen in Graham (GHM): Can Its 11.1% Jump Turn into More Strength?

Zacks Equity Research
·2 min read

Graham (GHM) shares ended the last trading session 11.1% higher at $10.78. 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 4.5% gain over the past four weeks.

The stock gained primarily on optimism surrounding strong aftermarket demand, which is driving refining orders. Higher space orders, driven by robust demand across key space-industry companies also bodes well for Graham.

This maker of vacuum and heat-transfer equipment is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +63%. Revenues are expected to be $30 million, up 4.3% 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 Graham, 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 GHM 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 >>>>

Graham is part of the Zacks Manufacturing - General Industrial industry. Broadwind Energy, Inc. (BWEN), another stock in the same industry, closed the last trading session 3.3% higher at $5.68. BWEN has returned 192.6% in the past month.

For Broadwind Energy, Inc. , the consensus EPS estimate for the upcoming report has changed -240% over the past month to -$0.15. This represents a change of +28.6% from what the company reported a year ago. Broadwind Energy, Inc. currently has a Zacks Rank of #4 (Sell).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Graham Corporation (GHM) : Free Stock Analysis Report

Broadwind Energy, Inc. (BWEN) : Free Stock Analysis Report

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