Chart Industries (GTLS) Surges 14.3%: Is This an Indication of Further Gains?

Chart Industries, Inc. GTLS shares soared 14.3% in the last trading session to close at $131.55. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 22% loss over the past four weeks.Chart Industries’ 14.3% was fueled by the Trump administration’s announcement of a temporary halt on reciprocal tariffs for most countries. This policy shift was aimed to counteracting the sharp sell-off in the market and easing worries that higher tariffs might trigger a recession.This equipment maker for the energy sector is expected to post quarterly earnings of $1.93 per share in its upcoming report, which represents a year-over-year change of +29.5%. Revenues are expected to be $1.01 billion, up 6.3% 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 Chart Industries, the consensus EPS estimate for the quarter has been revised 1.2% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on GTLS 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 >>>>Chart Industries is part of the Zacks Manufacturing - General Industrial industry. Luxfer (LXFR), another stock in the same industry, closed the last trading session 9.2% higher at $10.53. LXFR has returned -22.9% in the past month.For Luxfer, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.17. This represents a change of -15% from what the company reported a year ago. Luxfer currently has a Zacks Rank of #4 (Sell).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them 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 Chart Industries, Inc. (GTLS): Free Stock Analysis Report Luxfer Holdings PLC (LXFR): 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