Heidrick & Struggles (HSII) shares ended the last trading session 19.6% higher at $58.22. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.4% loss over the past four weeks.
The stock recorded this price increase as the company’s top line gains from rising leadership assessment, as HSII implemented an intense focus on pairing assessments with different client solutions.
This executive search firm is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of +5.6%. Revenues are expected to be $305.21 million, up 9.6% 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.
For Heidrick & Struggles, 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 HSII 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 >>>>
Heidrick & Struggles is part of the Zacks Staffing Firms industry. RCM Technologies, Inc. (RCMT), another stock in the same industry, closed the last trading session 2.1% lower at $24.7. RCMT has returned -8% in the past month.
For RCM Technologies, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.45. This represents a change of +2.3% from what the company reported a year ago. RCM Technologies currently has a Zacks Rank of #3 (Hold).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Heidrick & Struggles International, Inc. (HSII): Free Stock Analysis Report RCM Technologies, Inc. (RCMT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
