Definitive Healthcare (DH) Surges 8.4%: Is This an Indication of Further Gains?

Definitive Healthcare Corp. DH shares ended the last trading session 8.4% higher at $5.01. 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 12.4% gain over the past four weeks.Definitive Healthcare is benefiting from improved renewal rates, successful customer win-backs, and a focus on product offerings, including unified platform development and new solutions like Market Forecast and Monocl Conferences.This company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $60.47 million, down 8.3% 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 Definitive Healthcare, 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 DH 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 >>>>Definitive Healthcare is part of the Zacks Internet - Software industry. Docebo Inc. DCBO, another stock in the same industry, closed the last trading session 0.7% higher at $43.02. DCBO has returned -5.2% in the past month.For Docebo, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.33. This represents a change of +32% from what the company reported a year ago. Docebo currently has a Zacks Rank of #3 (Hold).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 +24.3% 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 Definitive Healthcare Corp. (DH): Free Stock Analysis Report Docebo Inc. (DCBO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks