Strength Seen in Airbus Group (EADSY): Can Its 8.3% Jump Turn into More Strength?

Airbus Group (EADSY) shares soared 8.3% in the last trading session to close at $40.51. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 16.1% loss over the past four weeks.Airbus recently signed a preliminary agreement with Amazon to provide airlines with connectivity through Amazon’s upcoming Kuiper constellation of satellites. The announcement of this collaboration, which should enable airlines to enhance their connectivity options, is likely to have contributed to EADSY’s latest share price hike.This company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of +5%. Revenues are expected to be $14.15 billion, up 1.6% 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 Airbus Group, 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 EADSY 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 >>>>Airbus Group is part of the Zacks Aerospace - Defense industry. Boeing (BA), another stock in the same industry, closed the last trading session 15.4% higher at $160.82. BA has returned -9.5% in the past month.For Boeing, the consensus EPS estimate for the upcoming report has changed +14.5% over the past month to -$1.55. This represents a change of -37.2% from what the company reported a year ago. Boeing 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 +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 Airbus Group (EADSY): Free Stock Analysis Report The Boeing Company (BA): 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