ams-OSRAM AG Unsponsored ADR (AMSSY) Surges 11.3%: Is This an Indication of Further Gains?

ams-OSRAM AG Unsponsored ADR AMSSY shares soared 11.3% in the last trading session to close at $7.61. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.1% gain over the past four weeks.AMSSY is benefiting from improved profitability driven by the Reestablish-the-Base program, new product innovations, and strong design wins in automotive and semiconductor markets.This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of +575%. Revenues are expected to be $1.01 billion, up 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 ams-OSRAM AG Unsponsored ADR, the consensus EPS estimate for the quarter has been revised 23.3% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AMSSY 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 >>>>ams-OSRAM AG Unsponsored ADR belongs to the Zacks Electronics - Semiconductors industry. Another stock from the same industry, Sequans SQNS, closed the last trading session 3.3% lower at $9.44. Over the past month, SQNS has returned 11.7%.For Sequans, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$1.8. This represents a change of -106.2% from what the company reported a year ago. Sequans currently has a Zacks Rank of #3 (Hold).Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access 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 ams-OSRAM AG Unsponsored ADR (AMSSY): Free Stock Analysis Report Sequans Communications S.A. (SQNS): 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