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American Public Education (APEI) Moves 5.1% Higher: Will This Strength Last?
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American Public Education (APEI - Free Report) shares soared 5.1% in the last trading session to close at $19.44. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.7% gain over the past four weeks.
The stock might have got a boost on the expectation of potential interest rate cut in September, per the CME FedWatch tool.
This for-profit education company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of +104%. Revenues are expected to be $154.06 million, up 4.7% 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 American Public Education, 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 APEI going forward to see if this recent jump can turn into more strength down the road.
American Public Education is a member of the Zacks Schools industry. One other stock in the same industry, TAL Education (TAL - Free Report) , finished the last trading session 1.5% lower at $10. TAL has returned -7.6% over the past month.
TAL Education's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.06. Compared to the company's year-ago EPS, this represents a change of +14.3%. TAL Education currently boasts a Zacks Rank of #2 (Buy).
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American Public Education (APEI) Moves 5.1% Higher: Will This Strength Last?
American Public Education (APEI - Free Report) shares soared 5.1% in the last trading session to close at $19.44. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.7% gain over the past four weeks.
The stock might have got a boost on the expectation of potential interest rate cut in September, per the CME FedWatch tool.
This for-profit education company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of +104%. Revenues are expected to be $154.06 million, up 4.7% 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 American Public Education, 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 APEI 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 >>>>
American Public Education is a member of the Zacks Schools industry. One other stock in the same industry, TAL Education (TAL - Free Report) , finished the last trading session 1.5% lower at $10. TAL has returned -7.6% over the past month.
TAL Education's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.06. Compared to the company's year-ago EPS, this represents a change of +14.3%. TAL Education currently boasts a Zacks Rank of #2 (Buy).