Ezcorp (EZPW) shares rallied 5.9% in the last trading session to close at $30.75. 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 12% loss over the past four weeks.
Shares of Ezcorp moved sharply higher on Thursday amid bullish broader market sentiments. Hence, EZPW, after two straight sessions of weakness, snapped back higher.
This consumer financial services company is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of +18.2%. Revenues are expected to be $405 million, up 30.2% 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 Ezcorp, 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 EZPW 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 >>>>
Ezcorp is a member of the Zacks Financial - Consumer Loans industry. One other stock in the same industry, Open Lending (LPRO), finished the last trading session 0.5% higher at $2.13. LPRO has returned 14.6% over the past month.
Open Lending's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.01. Compared to the company's year-ago EPS, this represents no change. Open Lending currently boasts a Zacks Rank of #4 (Sell).
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EZCORP, Inc. (EZPW): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).