Grupo Aeroportuario del Sureste (ASR) Soars 10.6%: Is Further Upside Left in the Stock?

Grupo Aeroportuario del Sureste (ASR) shares soared 10.6% in the last trading session to close at $285.93. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10.5% loss over the past four weeks.Shares of this Mexican company have performed well this year gaining in double-digits (11% to be exact) on a year-to-date basis. Despite tarrif-related tensions, ASR's price target was recently raised by Barclays as it does not see any risk of earnings deceleration in the short and medium term.This airport facilities manager is expected to post quarterly earnings of $5.52 per share in its upcoming report, which represents a year-over-year change of -11.1%. Revenues are expected to be $462.64 million, up 5.6% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Grupo Aeroportuario del Sureste, the consensus EPS estimate for the quarter has been revised 1.1% 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 ASR 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 >>>>Grupo Aeroportuario del Sureste is part of the Zacks Transportation - Services industry. Matson (MATX), another stock in the same industry, closed the last trading session 0.5% higher at $130.10. MATX has returned -8.7% in the past month.For Matson, the consensus EPS estimate for the upcoming report has changed +73.7% over the past month to $2.64. This represents a change of +153.9% from what the company reported a year ago. Matson currently has a Zacks Rank of #1 (Strong Buy).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 among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.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 Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR): Free Stock Analysis Report Matson, Inc. (MATX): 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