ASGN Inc (ASGN – Free Report) shares rose 6% in the last trading session to close at $ 87.50. The move is supported by solid volume with more shares changing hands than a normal session. This compares to the stock’s 11.5% loss over the past four weeks.
ASGN is riding on the excellent performance of the Commercial segments as well as the Federal Government. The company is set to acquire GlideFast Consulting LLC, a select ServiceNow Partner and leading IT consulting, which is expected to drive even more leading lines of growth.
This staffing company is expected to post quarterly earnings of $ 1.67 per share in its upcoming report, representing a year-over-year change of +26.5%. Revenues are expected to be $ 1.12 billion, up 14.8% from the previous quarter.
Earnings and earnings growth expectations certainly give a good idea of the potential strength in a stock, but empirical research shows that trends in changes in earnings estimates are strongly associated with close stock price movements.
For ASGN Inc, the consensus EPS estimate for the quarter was revised 3.6% higher over the past 30 days at current levels. And a positive trend in change in the earnings estimate usually translates into price appreciation. So, be sure to watch ASGN going forward to see if this recent jump can be stronger on the road.
The stock currently has Zacks Rank #3 (Hold). Here you will find the complete list of Zacks Rank #1 (Strong Buy) stocks today >>>>
ASGN Inc. is part of the Zacks Computers – IT Services industry. Epam (EPAM – Free Report), another stock in the same industry, closed the last trading session 0.5% lower at $ 326.01. EPAM returned 1.5% over the past month.
Epam’s consensus EPS estimate for the upcoming report remained unchanged over the past month at $ 1.71. Compared to the company’s EPS last year, this represents a change of -16.6%. Epam currently boasts a Zacks Rank of #3 (Hold).
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