We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
BankUnited (BKU) Surges 9.8%: Is This an Indication of Further Gains?
Read MoreHide Full Article
BankUnited, Inc. (BKU - Free Report) shares soared 9.8% in the last trading session to close at $32.37. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.2% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This company is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +15.6%. Revenues are expected to be $261.73 million, up 8.3% 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 BankUnited, the consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on BKU going forward to see if this recent jump can turn into more strength down the road.
BankUnited is part of the Zacks Banks - Major Regional industry. KeyCorp (KEY - Free Report) , another stock in the same industry, closed the last trading session 9.8% higher at $14.52. KEY has returned -12.7% in the past month.
For KeyCorp, the consensus EPS estimate for the upcoming report has changed -2.6% over the past month to $0.32. This represents a change of +45.5% from what the company reported a year ago. KeyCorp currently has a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
BankUnited (BKU) Surges 9.8%: Is This an Indication of Further Gains?
BankUnited, Inc. (BKU - Free Report) shares soared 9.8% in the last trading session to close at $32.37. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.2% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This company is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +15.6%. Revenues are expected to be $261.73 million, up 8.3% 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 BankUnited, the consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on BKU going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
BankUnited is part of the Zacks Banks - Major Regional industry. KeyCorp (KEY - Free Report) , another stock in the same industry, closed the last trading session 9.8% higher at $14.52. KEY has returned -12.7% in the past month.
For KeyCorp, the consensus EPS estimate for the upcoming report has changed -2.6% over the past month to $0.32. This represents a change of +45.5% from what the company reported a year ago. KeyCorp currently has a Zacks Rank of #3 (Hold).