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Strength Seen in TechTarget (TTGT): Can Its 5.7% Jump Turn into More Strength?
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TechTarget (TTGT - Free Report) shares ended the last trading session 5.7% higher at $34.75. 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 5.9% gain over the past four weeks.
TechTarget’s stock appreciated on continued optimism surrounding the demand for its solutions and services. The company is strengthening its services by teaming up with other companies. Earlier this year, it collaborated with G2 to introduce G2 Techblend. The new solution combines G2’s software market peer reviews and TTGT’s expert editorial to provide contextually relevant content experiences for researchers and users.
This operator of websites for information technology vendors is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of -15.6%. Revenues are expected to be $57.96 million, down 0.8% 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 TechTarget, 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 TTGT going forward to see if this recent jump can turn into more strength down the road.
TechTarget is part of the Zacks Internet - Content industry. Airbnb, Inc. (ABNB - Free Report) , another stock in the same industry, closed the last trading session 2.7% higher at $151.26. ABNB has returned -1.5% in the past month.
Airbnb's consensus EPS estimate for the upcoming report has changed -0.1% over the past month to $0.91. Compared to the company's year-ago EPS, this represents a change of -7.1%. Airbnb currently boasts a Zacks Rank of #3 (Hold).
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Strength Seen in TechTarget (TTGT): Can Its 5.7% Jump Turn into More Strength?
TechTarget (TTGT - Free Report) shares ended the last trading session 5.7% higher at $34.75. 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 5.9% gain over the past four weeks.
TechTarget’s stock appreciated on continued optimism surrounding the demand for its solutions and services. The company is strengthening its services by teaming up with other companies. Earlier this year, it collaborated with G2 to introduce G2 Techblend. The new solution combines G2’s software market peer reviews and TTGT’s expert editorial to provide contextually relevant content experiences for researchers and users.
This operator of websites for information technology vendors is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of -15.6%. Revenues are expected to be $57.96 million, down 0.8% 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 TechTarget, 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 TTGT 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 >>>>
TechTarget is part of the Zacks Internet - Content industry. Airbnb, Inc. (ABNB - Free Report) , another stock in the same industry, closed the last trading session 2.7% higher at $151.26. ABNB has returned -1.5% in the past month.
Airbnb's consensus EPS estimate for the upcoming report has changed -0.1% over the past month to $0.91. Compared to the company's year-ago EPS, this represents a change of -7.1%. Airbnb currently boasts a Zacks Rank of #3 (Hold).