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Xponential Fitness, Inc. (XPOF) - free report >>
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Xponential Fitness, Inc. (XPOF) - free report >>
Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) - free report >>
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Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) Moves 6.2% Higher: Will This Strength Last?
Atour Lifestyle Holdings Limited Sponsored ADR (ATAT - Free Report) shares ended the last trading session 6.2% higher at $27.65. 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 37.4% gain over the past four weeks.
Shares of ATAT are expected to have gained on the optimism induced by the recent fiscal stimulus from the People's Bank of China (PBOC). This stimulus includes interest rate cuts and additional funding opportunities, opening the door for increased business activities and consumer confidence.
This company is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +33.3%. Revenues are expected to be $257.39 million, up 45.1% 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 Atour Lifestyle Holdings Limited Sponsored ADR, 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 ATAT 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 >>>>
Atour Lifestyle Holdings Limited Sponsored ADR is a member of the Zacks Leisure and Recreation Services industry. One other stock in the same industry, Xponential Fitness (XPOF - Free Report) , finished the last trading session 1.6% higher at $12.06. XPOF has returned -6.2% over the past month.
Xponential Fitness' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.18. Compared to the company's year-ago EPS, this represents a change of -66%. Xponential Fitness currently boasts a Zacks Rank of #3 (Hold).