Twin Disc (TWIN) Moves 9.5% Higher: Will This Strength Last?

Zacks Equity Research

Thu, Oct 27, 2022, 4:39 AM2 min read

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Twin Disc (TWIN) shares ended the last trading session 9.5% higher at $12.51. 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 8.7% gain over the past four weeks.

The stock jumped primarily on optimism surrounding improving demand across end-markets, thanks to continued expansion in manufacturing activities and industrial production.

This power transmission equipment maker is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +35.7%. Revenues are expected to be $59.7 million, up 25% 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 Twin Disc, 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 TWIN going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Twin Disc belongs to the Zacks Manufacturing - General Industrial industry. Another stock from the same industry, Manitex (MNTX), closed the last trading session 0.4% lower at $4.63. Over the past month, MNTX has returned 1.1%.

Manitex's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.07. Compared to the company's year-ago EPS, this represents a change of -600%. Manitex currently boasts a Zacks Rank of #4 (Sell).

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Twin Disc (TWIN) Moves 9.5% Higher: Will This Strength Last?

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