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MSA Safety Incorporated MSA shares ended the last trading session 8.1% higher at $143.57. 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 12.9% loss over the past four weeks.
MSA Safety’s rally is largely driven by optimism over its Americas segment, arising from strength across detection, fire service and industrial PPE businesses. Solid product offerings, innovation capabilities and operational initiatives bode well for the company.
This maker of safety products is expected to post quarterly earnings of $1.59 per share in its upcoming report, which represents a year-over-year change of -1.2%. Revenues are expected to be $401.39 million, down 2.9% 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 MSA Safety, 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 MSA 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 >>>>
MSA Safety belongs to the Zacks Security and Safety Services industry. Another stock from the same industry, Alarm.com Holdings (ALRM), closed the last trading session 7.1% higher at $53.10. Over the past month, ALRM has returned -15.3%.
Alarm.com's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.48. Compared to the company's year-ago EPS, this represents a change of -4%. Alarm.com currently boasts a Zacks Rank of #3 (Hold).
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This article originally published on Zacks Investment Research (zacks.com).