Strength Seen in Commerzbank (CRZBY): Can Its 6.0% Jump Turn into More Strength?

Commerzbank AG CRZBY shares soared 6% in the last trading session to close at $36.5. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.6% loss over the past four weeks.An overall favorable broader market sentiment probably drove the CRZBY stock higher in last day's trading sesiion.This company is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of +13%. Revenues are expected to be $3.79 billion, up 17.3% 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 Commerzbank, 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 CRZBY going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Commerzbank is part of the Zacks Banks - Foreign industry. Erste Group Bank AG EBKDY, another stock in the same industry, closed the last trading session 4.1% higher at $54.47. EBKDY has returned -9.4% in the past month.Erste Group Bank's consensus EPS estimate for the upcoming report has changed -0.3% over the past month to $1.43. Compared to the company's year-ago EPS, this represents a change of +49%. Erste Group Bank currently boasts a Zacks Rank of #2 (Buy).5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Commerzbank AG (CRZBY): Free Stock Analysis Report Erste Group Bank AG (EBKDY): 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