Quaker Chemical (KWR – Free Report) shares soared 14.4% in the last trading session to close at $111.22. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 26.9% loss over the past four weeks.
KWR’s rally is driven by a surge in material stocks after President Trump announced he would pause reciprocal tariffs for 90 days for most countries.
This specialty chemical company is expected to post quarterly earnings of $1.57 per share in its upcoming report, which represents a year-over-year change of -24.9%. Revenues are expected to be $457.8 million, down 2.6% 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 Quaker Chemical, the consensus EPS estimate for the quarter has been revised 4.5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn’t usually translate into price appreciation. So, make sure to keep an eye on KWR 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 >>>>
Quaker Chemical belongs to the Zacks Chemical – Specialty industry. Another stock from the same industry, Element Solutions (ESI – Free Report) , closed the last trading session 10.7% higher at $19.37. Over the past month, ESI has returned -31.3%.
Element Solutions’ consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.33. Compared to the company’s year-ago EPS, this represents a change of -2.9%. Element Solutions currently boasts a Zacks Rank of #3 (Hold).
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