Limbach (LMB) Surges 6.8%: Is This an Indication of Further Gains?

Limbach (LMB) shares ended the last trading session 6.8% higher at $99.56. 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 6.4% gain over the past four weeks.This leading mechanical systems provider is driving on the back of its focus on mission-critical systems and long-term partnerships with building owners. The company’s diversified client base across multiple sectors, along with its investment in innovative solutions and strategic acquisitions, is likely to have contributed to the positive market sentiment.This company is expected to post quarterly earnings of $0.78 per share in its upcoming report, which represents a year-over-year change of +77.3%. Revenues are expected to be $150.96 million, up 5.8% 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 Limbach, 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 LMB going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Limbach is part of the Zacks Building Products - Maintenance Service industry. Rollins (ROL), another stock in the same industry, closed the last trading session 0.4% higher at $48.64. ROL has returned 4.1% in the past month.For Rollins, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.23. This represents a change of +9.5% from what the company reported a year ago. Rollins currently has a Zacks Rank of #3 (Hold).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 Limbach Holdings, Inc. (LMB): Free Stock Analysis Report Rollins, Inc. (ROL): 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