ams-OSRAM AG Unsponsored ADR AMSSY shares soared 14.7% in the last trading session to close at $11.47. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11% loss over the past four weeks.
ams-OSRAM AG Unsponsored ADR benefits from core semiconductor growth, strong design wins, automotive restocking, industrial recovery, AI photonics and AR smart glasses opportunities, plus Simplify cost savings and divestment proceeds improving liquidity deleveraging.
This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of -163.6%. Revenues are expected to be $876.7 million, down 0.3% 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 ams-OSRAM AG Unsponsored ADR, the consensus EPS estimate for the quarter has been revised 36.4% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AMSSY 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 >>>>
ams-OSRAM AG Unsponsored ADR is part of the Zacks Electronics - Semiconductors industry. Impinj PI, another stock in the same industry, closed the last trading session 7% higher at $129.33. PI has returned -20.9% in the past month.
For Impinj, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.81. This represents a change of +1.3% from what the company reported a year ago. Impinj currently has a Zacks Rank of #3 (Hold).
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ams-OSRAM AG Unsponsored ADR (AMSSY): Free Stock Analysis Report
Impinj, Inc. (PI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).