Polaris Inc (PII) Moves 14.7% Higher: Will This Strength Last?

Polaris Inc (PII) shares soared 14.7% in the last trading session to close at $36.68. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 28% loss over the past four weeks.Polaris stock surged yesterday amid a broader market rebound following Trump’s 90-day pause in reciprocal tariffs on most countries (except China). The move came in response to steep market declines and growing fears that tariff increases could push the economy into a recession.This snowmobile and ATV maker is expected to post quarterly loss of $0.92 per share in its upcoming report, which represents a year-over-year change of -500%. Revenues are expected to be $1.54 billion, down 11.1% 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 Polaris Inc, 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 PII 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 >>>>Polaris Inc is part of the Zacks Automotive - Domestic industry. General Motors (GM), another stock in the same industry, closed the last trading session 7.7% higher at $45.74. GM has returned -12% in the past month.General Motors' consensus EPS estimate for the upcoming report has changed +0.6% over the past month to $2.63. Compared to the company's year-ago EPS, this represents a change of +0.4%. General Motors currently boasts 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 +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 Polaris Inc. (PII): Free Stock Analysis Report General Motors Company (GM): 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