Textainer Group shares rallied 8.8% in the last trading session to close at $33.70. 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 19.9% gain over the past four weeks.

The uptick is due to the increase in bussiness volumes with the gradual relaxation of restrictions. In fact, shares of this lessor of intermodal containers have performed very well this year, gaining 75.7% year to date.

Price and Consensus

This shipping container leasing company is expected to post quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of +357.1%. Revenues are expected to be $194.61 million, up 34.4% 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 Textainer, the consensus EPS estimate for the quarter has been revised 36.2% 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 TGH 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 >>>>