BlackSky Technology (BKSY) Surges 11.9%: Is This an Indication of Further Gains?

BlackSky Technology Inc. (BKSY) shares soared 11.9% in the last trading session to close at $14.22. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 18.2% gain over the past four weeks.The stock is benefiting from bullish momentum surrounding the company's expansion of the satellite constellation, fueling hype over enhanced imaging capabilities, faster data delivery, and increased government contract potential.This company is expected to post quarterly loss of $0.40 per share in its upcoming report, which represents a year-over-year change of +16.7%. Revenues are expected to be $27.92 million, up 11.9% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For BlackSky Technology, 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 BKSY 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 >>>>BlackSky Technology belongs to the Zacks Technology Services industry. Another stock from the same industry, Duolingo, Inc. (DUOL), closed the last trading session 1.5% lower at $471.57. Over the past month, DUOL has returned -7.6%.Duolingo's consensus EPS estimate for the upcoming report has changed -0.2% over the past month to $0.55. Compared to the company's year-ago EPS, this represents a change of +7.8%. Duolingo currently boasts a Zacks Rank of #2 (Buy).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BlackSky Technology Inc. (BKSY): Free Stock Analysis Report The Cheesecake Factory Incorporated (CAKE): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report American Well Corporation (AMWL): Free Stock Analysis Report Duolingo, Inc. (DUOL): Free Stock Analysis Report QXO, Inc. (QXO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks