Instructure Holdings (INST), shares gained 7.9% in Tuesday’s trading session, closing at $25.28. This can be attributed to the notable volume, which saw more shares traded than usual. This compares with the stock’s loss of 7% over the last four weeks.
The stock is benefitting from strong execution of the company’s platform strategy, delivering robust upsell and cross sell.
The education technology company will report quarterly earnings of $0.26 per share. This is a change of -23.5% year over year. Revenues are expected increase 9.7% to $121.31million from the year-ago quarter.
Earnings and revenue growth expectations are crucial in assessing the stock’s potential strength. However, empirical research has shown a strong correlation between earnings revision trends and stock price movements in the near-term.
Instructure’s consensus EPS estimate for the quarter remained the same over the past 30 days. A stock’s price doesn’t move higher if there is no trend in earnings estimate revisions. InST is a stock that you should keep an eye on going forward. This will allow you to determine if this recent rise can be converted into more strength.
Stock currently has a Zacks rank #3 (Hold). You can view the full listing. the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>
Instructure is a member the Zacks Technology Services. IQVIA Holdings, (IQV), was 0.5% less at $203.86 in its last trading session. IQV returned -3.3% during the past month.
IQVIA has maintained its consensus EPS estimate of $2.76 for the upcoming report. This is unchanged from the previous month. This represents an increase of +8.2% compared to the company’s previous year’s EPS. IQVIA currently holds a Zacks Rank 3 (Hold)
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These views and opinions are solely the opinions of the author. They do not necessarily reflect the views of Nasdaq, Inc.