In This Article:
Aris Water Solutions, Inc. (ARIS) shares ended the last trading session 5.8% higher at $24.69. 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 9.5% loss over the past four weeks.
The ARIS stock’s price increase was driven by consistent volume growth, strong margins, and efficient capital investment. These catalysts generate excess cash, providing the flexibility to reinvest in business development and boost shareholder returns.
This company is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of +52.9%. Revenues are expected to be $110.83 million, up 6.4% 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 Aris Water Solutions, 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 ARIS 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 >>>>
Aris Water Solutions is part of the Zacks Waste Removal Services industry. Republic Services (RSG), another stock in the same industry, closed the last trading session 0.3% lower at $206.29. RSG has returned -1.5% in the past month.
For Republic Services , the consensus EPS estimate for the upcoming report has changed -0.1% over the past month to $1.38. This represents a change of -2.1% from what the company reported a year ago. Republic Services 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
Aris Water Solutions, Inc. (ARIS) : Free Stock Analysis Report
Republic Services, Inc. (RSG) : Free Stock Analysis Report