The Shyft Group (SHYF) Moves 15.1% Higher: Will This Strength Last?

The Shyft Group (SHYF) shares rallied 15.1% in the last trading session to close at $8.82. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.9% loss over the past four weeks.The Shyft Group's stock surged amid a broader market rebound following the Trump administration’s announcement of a temporary halt on reciprocal tariffs for most countries. The move came in response to steep market declines and growing fears that tariff increases could push the economy into a recession.This maker of chassis for Last Mile Delivery, RVs and other vehicles is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of -150%. Revenues are expected to be $201.9 million, up 2% 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 The Shyft 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 SHYF 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 >>>>The Shyft Group belongs to the Zacks Automotive - Original Equipment industry. Another stock from the same industry, Ferrari (RACE), closed the last trading session 8.6% higher at $432. Over the past month, RACE has returned -9.8%.Ferrari's consensus EPS estimate for the upcoming report has changed +3.9% over the past month to $2.36. Compared to the company's year-ago EPS, this represents a change of +11.3%. Ferrari currently boasts 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 The Shyft Group, Inc. (SHYF): Free Stock Analysis Report Ferrari N.V. (RACE): 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