Asure Software Inc ASUR shares closed the last trading session 5.9% higher at $7.57. The jump came on impressive volume, with a higher-than-average number of shares changing hands during the session. This compares to the stock’s loss of 22.1% over the past four weeks.
Asure Software benefits from broad revenue growth across the Human Capital Management portfolio, sequential improvement in organic growth and the contribution of Lathen Time Acquisition.
This company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +53.3%. Revenue is expected to be $38.67 million, up 25.6% from the same quarter last year.
Earnings and revenue growth expectations certainly give a good indication of a stock’s potential strength, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Asure Software, the consensus EPS estimate for the quarter has remained unchanged over the past 30 days. And a stock’s price typically doesn’t continue to rise if there isn’t a trend in earnings estimate revisions. So be sure to keep an eye on ASUR going forward to see if this recent jump can turn into more strength in the long run.
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 >>>>
Asure Software is a member of the Zacks Internet – Delivery Services industry. Yet another stock in the same sector, GoDaddy GDDY ended the last trading session 0.7% lower at $90.56. GDDY has returned -11.9% in the past month.
For GoDaddy, the consensus EPS estimate for the upcoming report was unchanged last month at $1.58. This represents a change of +11.3% from what the company reported a year ago. GoDaddy currently has a Zacks Rank of #2 (Buy).
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This article was originally published on Zacks Investment Research (zacks.com).
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