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Sapiens SPNS shares rallied 5% in the last trading session to close at $38.98. 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 2.8% gain over the past four weeks.
Sapiens is benefiting from strong growth in its intelligent insurance software platform, which leverages AI and advanced automation to improve insurers capabilities across different properties, casualty, workers compensation and more.
This provider of software and services to the insurance industry is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of +8.8%. Revenues are expected to be $140.34 million, up 7.4% 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 Sapiens, 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 SPNS 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 >>>>
Sapiens belongs to the Zacks Computer - Software industry. Another stock from the same industry, Adobe Systems ADBE, closed the last trading session 3.8% higher at $504.83. Over the past month, ADBE has returned -2%.
For Adobe , the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $4.66. This represents a change of +9.1% from what the company reported a year ago. Adobe currently has a Zacks Rank of #2 (Buy).
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Sapiens International Corporation N.V. (SPNS) : Free Stock Analysis Report
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