The ONE Group Hospitality, Inc. (STKS Quick QuoteSTKS - Free Report) shares rallied 16.8% in the last trading session to close at $7.91. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 44.4% gain over the past four weeks.

Shares of ONE Group jumped after the company posted better-than-expected fourth quarter sales results. Notably, positive investor sentiments were witnessed as the company's comps (for the period Jan 1 to Mar 14, 2021) improved given sequential improvement in-Person dining capacity.

Price and Consensus

This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -66.7%. Revenues are expected to be $38.5 million, down 26.3% 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 The ONE Group Hospitality, Inc., the consensus EPS estimate for the quarter has been revised 50% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on STKS 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 >>>>