Perimeter Solutions, SA (PRM) Surges 10.0%: Is This an Indication of Further Gains?

Perimeter Solutions, SA (PRM) shares rallied 10% in the last trading session to close at $10.02. 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 10.5% loss over the past four weeks.PRM’s shares rallied after UBS analysts upgraded it to “Buy” from “Neutral” with a price target of $14.This company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of +52.6%. Revenues are expected to be $63.38 million, up 7.4% 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 Perimeter Solutions, SA, 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 PRM 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 >>>>Perimeter Solutions, SA is a member of the Zacks Chemical - Specialty industry. One other stock in the same industry, PPG Industries (PPG), finished the last trading session 0.2% higher at $111.93. PPG has returned -2.3% over the past month.For PPG Industries, the consensus EPS estimate for the upcoming report has changed -0.2% over the past month to $1.62. This represents a change of -12.9% from what the company reported a year ago. PPG Industries currently has a Zacks Rank of #4 (Sell).Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks 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 Perimeter Solutions, SA (PRM): Free Stock Analysis Report PPG Industries, Inc. (PPG): 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