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Blue Owl Capital (OWL) Moves 6.0% Higher: Will This Strength Last?
Blue Owl Capital Inc. (OWL - Free Report) shares rallied 6% in the last trading session to close at $21.01. 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 17.9% loss over the past four weeks.
With the Federal Reserve keeping the rates unchanged amid macroeconomic uncertainty because of Trump’s tariff plans, demand for alternative investments will likely increase. Hence, shares of OWL rallied yesterday as investors turned bullish on this alternative asset manager.
This company is expected to post quarterly earnings of $0.20 per share in its upcoming report, which represents a year-over-year change of +17.7%. Revenues are expected to be $645.56 million, up 32.7% 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 Blue Owl Capital, 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 OWL 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 >>>>
Blue Owl Capital is part of the Zacks Financial - Investment Management industry. Janus Henderson Group plc (JHG - Free Report) , another stock in the same industry, closed the last trading session 1.9% higher at $37.77. JHG has returned -15.4% in the past month.
For Janus Henderson Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.79. This represents a change of +11.3% from what the company reported a year ago. Janus Henderson Group currently has a Zacks Rank of #3 (Hold).