Vivid Seats Inc. SEAT shares rallied 12.6% in the last trading session to close at $12.05. 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 33.6% loss over the past four weeks.
Vivid Seats is benefiting from its international expansion, which is exceeding margin expectations and contributing positively to its growth.
This company is expected to post quarterly loss of $1.71 per share in its upcoming report, which represents a year-over-year change of -313.8%. Revenues are expected to be $129.84 million, down 30.4% 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 Vivid Seats, 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 SEAT 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 >>>>
Vivid Seats is a member of the Zacks Internet - Software industry. One other stock in the same industry, Palantir Technologies Inc. PLTR, finished the last trading session 1.9% higher at $181.59. PLTR has returned -2.3% over the past month.
For Palantir Technologies, the consensus EPS estimate for the upcoming report has changed +3.3% over the past month to $0.17. This represents a change of +70% from what the company reported a year ago. Palantir Technologies currently has a Zacks Rank of #3 (Hold).
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Vivid Seats Inc. (SEAT): Free Stock Analysis Report Palantir Technologies Inc. (PLTR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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