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Evoqua Water (AQUA) Soars 15.2%: Is Further Upside Left in the Stock?

Zacks Equity Research
·2-min read

Evoqua Water (AQUA) shares rallied 15.2% in the last trading session to close at $47.28. 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 3% gain over the past four weeks.

The stock is benefiting from the company’s broad-based organic growth across most regions and product lines, and the acquisition of Mar Cor.

This company is expected to post quarterly earnings of $0.15 per share in its upcoming report, which represents a year-over-year change of +25%. Revenues are expected to be $426.94 million, up 16.6% 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.

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For Evoqua Water, 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 AQUA 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 >>>>

Evoqua Water is a member of the Zacks Technology Services industry. One other stock in the same industry, Yext (YEXT), finished the last trading session 4.9% higher at $6.69. YEXT has returned 3.9% over the past month.

Yext's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.03. Compared to the company's year-ago EPS, this represents a change of +200%. Yext currently boasts a Zacks Rank of #2 (Buy).

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Evoqua Water Technologies (AQUA) : Free Stock Analysis Report

Yext (YEXT) : Free Stock Analysis Report

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Zacks Investment Research