Mama's Creations, Inc. (MAMA) Surges 14.4%: Is This an Indication of Further Gains?

Mama's Creations, Inc. MAMA shares soared 14.4% in the last trading session to close at $9.13. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5% loss over the past four weeks.Mama’s Creations’ shares surged after the company announced the acquisition of Crown I Enterprises for $17.5 million in cash. The deal adds $56 million in annual revenue, expands production capacity, and provides access to premium retail customers.This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -33.3%. Revenues are expected to be $33.6 million, up 18.4% 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 Mama's Creations, Inc., 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 MAMA 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 >>>>Mama's Creations, Inc. belongs to the Zacks Food - Miscellaneous industry. Another stock from the same industry, Lamb Weston LW, closed the last trading session 1.7% lower at $56.55. Over the past month, LW has returned 5.3%.Lamb Weston's consensus EPS estimate for the upcoming report has changed -6.8% over the past month to $0.54. Compared to the company's year-ago EPS, this represents a change of -26%. Lamb Weston currently boasts a Zacks Rank of #4 (Sell).Higher. Faster. Sooner. Buy These Stocks NowA small number of stocks are primed for a breakout, and you have a chance to get in before they take off.At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.Download the report free now >>Want 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 Mama's Creations, Inc. (MAMA): Free Stock Analysis Report Lamb Weston (LW): 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