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Regional Management (RM) Surges 6.9%: Is This an Indication of Further Gains?
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Regional Management (RM - Free Report) shares rallied 6.9% in the last trading session to close at $30.13. 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 4% gain over the past four weeks.
Shares of Regional Management rallied for the second consecutive trading session. With the chances of interest rate cuts starting as early as September looking promising, the demand for consumer loans is expected to rise. This turned the investor sentiments bullish and drove the RM stock higher.
This financial services company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of -6.4%. Revenues are expected to be $143.13 million, up 7.2% 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 Regional Management, 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 RM going forward to see if this recent jump can turn into more strength down the road.
Regional Management belongs to the Zacks Financial - Consumer Loans industry. Another stock from the same industry, Sallie Mae (SLM - Free Report) , closed the last trading session 0.8% lower at $23.50. Over the past month, SLM has returned 15.6%.
Sallie Mae's consensus EPS estimate for the upcoming report has changed -24.5% over the past month to $0.73. Compared to the company's year-ago EPS, this represents a change of -33.6%. Sallie Mae currently boasts a Zacks Rank of #2 (Buy).
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Regional Management (RM) Surges 6.9%: Is This an Indication of Further Gains?
Regional Management (RM - Free Report) shares rallied 6.9% in the last trading session to close at $30.13. 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 4% gain over the past four weeks.
Shares of Regional Management rallied for the second consecutive trading session. With the chances of interest rate cuts starting as early as September looking promising, the demand for consumer loans is expected to rise. This turned the investor sentiments bullish and drove the RM stock higher.
This financial services company is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of -6.4%. Revenues are expected to be $143.13 million, up 7.2% 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 Regional Management, 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 RM 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 >>>>
Regional Management belongs to the Zacks Financial - Consumer Loans industry. Another stock from the same industry, Sallie Mae (SLM - Free Report) , closed the last trading session 0.8% lower at $23.50. Over the past month, SLM has returned 15.6%.
Sallie Mae's consensus EPS estimate for the upcoming report has changed -24.5% over the past month to $0.73. Compared to the company's year-ago EPS, this represents a change of -33.6%. Sallie Mae currently boasts a Zacks Rank of #2 (Buy).