CI&T Inc. CINT shares rallied 6% in the last trading session to close at $5.80. 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 8.4% loss over the past four weeks.
CI&T is benefiting from strong demand for AI-powered modernization solutions, particularly through its CI&T FLOW platform, driving double-digit revenue growth and margin expansion.
This company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +16.7%. Revenues are expected to be $111.95 million, up 5.9% 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 CI&T, 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 CINT 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 >>>>
CI&T is part of the Zacks Internet - Software industry. Vertex VERX, another stock in the same industry, closed the last trading session 2.1% higher at $40.19. VERX has returned 12.4% in the past month.
Vertex's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.13. Compared to the company's year-ago EPS, this represents a change of -13.3%. Vertex currently boasts a Zacks Rank of #3 (Hold).
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CI&T Inc. (CINT): Free Stock Analysis Report Vertex, Inc. (VERX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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