Polaris Inc (PII) Moves 13.9% Higher: Will This Strength Last?

Polaris Inc (PII) shares ended the last trading session 13.9% higher at $69.9. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.2% gain over the past four weeks.Polaris shares jumped yesterday after the company announced plans to spin off its Indian Motorcycle business into a separate entity. The move aims to sharpen Polaris’ focus on higher-growth segments, boost investment in key initiatives, and unlock greater long-term shareholder value with immediate gains expected.This snowmobile and ATV maker is expected to post quarterly loss of $0.21 per share in its upcoming report, which represents a year-over-year change of -128.8%. Revenues are expected to be $1.68 billion, down 2.2% 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 Polaris 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 PII 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 >>>>Polaris Inc belongs to the Zacks Automotive - Domestic industry. Another stock from the same industry, Rivian Automotive (RIVN), closed the last trading session 0.5% higher at $13.12. Over the past month, RIVN has returned -4%.Rivian Automotive's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.73. Compared to the company's year-ago EPS, this represents a change of +29.1%. Rivian Automotive currently boasts a Zacks Rank of #4 (Sell).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 Polaris Inc. (PII): Free Stock Analysis Report Rivian Automotive, Inc. (RIVN): 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