Cyrela Brazil Realty (CYRBY) Stock Jumps 5.8%: Will It Continue to Soar?

Cyrela Brazil Realty SA (CYRBY) shares rallied 5.8% in the last trading session to close at $5.46. 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 4.4% gain over the past four weeks.

The increased investor optimism in the stock can be attributed to Brazil’s election-driven market rally and improved sentiment toward business-friendly policies.

This company is expected to post quarterly FFO of $0.21 per share in its upcoming report, which represents a year-over-year change of -32.3%. Revenues are expected to be $520.03 million, up 33.1% from the year-ago quarter.

While FFO and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in FFO estimate revisions and near-term stock price movements.

For Cyrela Brazil Realty, the consensus FFO per share 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 FFO estimate revisions. So, make sure to keep an eye on CYRBY 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 >>>>

Cyrela Brazil Realty is part of the Zacks Real Estate - Development industry. Howard Hughes Holdings (HHH), another stock in the same industry, closed the last trading session 1.4% lower at $71.04. HHH has returned 13.5% in the past month.

Howard Hughes Holdings' consensus FFO per share estimate for the upcoming report has changed -15.9% over the past month to $1.36. Compared to the company's year-ago FFO per share, this represents a change of -32.7%. Howard Hughes Holdings currently boasts a Zacks Rank of #1 (Strong Buy).

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This article originally published on Zacks Investment Research (zacks.com).

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