Outbrain (OB) Surges 7.5%: Is This an Indication of Further Gains?

Outbrain Inc. (OB) shares ended the last trading session 7.5% higher at $7.20. 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 0.7% loss over the past four weeks.The stock is benefiting from Outbrain's acquisition of Teads, a strategic move expected to enhance its standing in the open web advertising market, driving recent gains and strengthening growth prospects.This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +33.3%. Revenues are expected to be $70 million, up 9.7% 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 Outbrain, 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 OB 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 >>>>Outbrain belongs to the Zacks Technology Services industry. Another stock from the same industry, Riot Platforms, Inc. (RIOT), closed the last trading session 4.5% lower at $11.74. Over the past month, RIOT has returned -1%.For Riot Platforms, Inc., the consensus EPS estimate for the upcoming report has changed +1.7% over the past month to -$0.27. This represents a change of -156.3% from what the company reported a year ago. Riot Platforms, Inc. currently has a Zacks Rank of #2 (Buy).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 Outbrain Inc. (OB): Free Stock Analysis Report Riot Platforms, Inc. (RIOT): 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