Strength Seen in Viad (VVI): Can Its 17.5% Jump Turn into More Strength?

Viad (VVI) shares ended the last trading session 17.5% higher at $42.05. 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 2.2% gain over the past four weeks.Investor optimism surged after Viad Corp announced the sale of its GES business to Truelink Capital for $535 million. The company also plans to rebrand itself as Pursuit once the transaction is finalized, signaling a strategic shift and strengthening focus on its experiential tourism segment.This trade show company is expected to post quarterly earnings of $1.87 per share in its upcoming report, which represents a year-over-year change of +25.5%. Revenues are expected to be $437.1 million, up 19.5% 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 Viad, 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 VVI 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 >>>>Viad belongs to the Zacks Business - Services industry. Another stock from the same industry, Crawford & Company B (CRD.B), closed the last trading session 3.6% lower at $11.18. Over the past month, CRD.B has returned 1.5%.For Crawford & Company B, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.23. This represents a change of -36.1% from what the company reported a year ago. Crawford & Company B currently has a Zacks Rank of #4 (Sell).Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>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 Viad Corp (VVI): Free Stock Analysis Report Crawford & Company (CRD.B): 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