Gauzy Ltd. GAUZ shares rallied 9.4% in the last trading session to close at $6.51. 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 35.5% loss over the past four weeks.
Gauzy is benefiting from growing demand for its smart glass and safety technologies, backed by a record-breaking order backlog and strategic partnerships with major automakers like General Motors and Mercedes-Benz. The company recently achieved a milestone with the first customer delivery of General Motors’ Cadillac CELESTIQ featuring their patented SPD smart glass technology, highlighting its leadership in advanced automotive smart materials.
This company is expected to post quarterly loss of $0.40 per share in its upcoming report, which represents a year-over-year change of +54.6%. Revenues are expected to be $28.96 million, up 18.6% 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 Gauzy Ltd., 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 GAUZ going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Gauzy Ltd. belongs to the Zacks Electronics - Miscellaneous Products industry. Another stock from the same industry, Teradyne TER, closed the last trading session 1.6% lower at $97.05. Over the past month, TER has returned 14.8%.
For Teradyne, the consensus EPS estimate for the upcoming report has changed +0.6% over the past month to $0.54. This represents a change of -37.2% from what the company reported a year ago. Teradyne currently has a Zacks Rank of #3 (Hold).
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Gauzy Ltd. (GAUZ): Free Stock Analysis Report Teradyne, Inc. (TER): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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