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Kawasaki Heavy Industries Ltd. (KWHIY) Moves 5.7% Higher: Will This Strength Last?

Zacks Equity Research
·2-min read

Kawasaki Heavy Industries Ltd. (KWHIY) shares rallied 5.7% in the last trading session to close at $6.85. 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 7.1% 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 company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +233.3%. Revenues are expected to be $3.19 billion, up 7.8% 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.

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For Kawasaki Heavy Industries Ltd., 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 KWHIY 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 >>>>

Kawasaki Heavy Industries Ltd. is part of the Zacks Manufacturing - General Industrial industry. Markforged Holding Corporation (MKFG), another stock in the same industry, closed the last trading session 1.4% lower at $2.18. MKFG has returned 11.6% in the past month.

For Markforged Holding Corporation , the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.08. This represents a change of +20% from what the company reported a year ago. Markforged Holding Corporation currently has a Zacks Rank of #3 (Hold).


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