Strategy MSTR shares soared 3.7% in the last trading session to close at $179.33. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.3% gain over the past four weeks.
MSTR is benefiting from structured revenue momentum, clear controls, scalable funding, and Bitcoin leverage, with its software business providing a stable cash-flow foundation that supports sustainable performance.
This business software company is expected to post quarterly earnings of $46.02 per share in its upcoming report, which represents a year-over-year change of +1538.1%. Revenues are expected to be $119.6 million, down 0.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Strategy, 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 MSTR 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 >>>>
Strategy is a member of the Zacks Financial - Miscellaneous Services industry. One other stock in the same industry, StepStone Group Inc. STEP, finished the last trading session 1.4% higher at $73.5. STEP has returned 14.1% over the past month.
For StepStone Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.54. This represents a change of +22.7% from what the company reported a year ago. StepStone Group currently has a Zacks Rank of #3 (Hold).
Zacks Names #1 Semiconductor Stock
This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.
See This Stock Now for Free >>Strategy Inc (MSTR) : Free Stock Analysis Report
StepStone Group Inc. (STEP) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
