We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Image: Bigstock
Strength Seen in The ONE Group Hospitality, Inc. (STKS): Can Its 5.4% Jump Turn into More Strength?
The ONE Group Hospitality, Inc. (STKS - Free Report) shares ended the last trading session 5.4% higher at $9.55. 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 21.1% gain over the past four weeks.
Notably, increased optimism over an accelerated recovery of the restaurant industry coupled with ramped up vaccination drive have been boosting investors’ confidence.
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 +128.6%. Revenues are expected to be $50 million, up 22.8% 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 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 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 >>>>