Unifi (UFI) Surges 9.3%: Is This an Indication of Further Gains?

Unifi (UFI) shares rallied 9.3% in the last trading session to close at $6.25. 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 0.2% gain over the past four weeks.United Natural has been benefiting from strong demand in its wholesale segment and a focus on consumer trends favoring natural and organic products. The company’s strategic initiatives, such as expanding its customer base, optimizing its distribution network, and investing in automation, have enhanced efficiency and market penetration.  The company recently raised its guidance for fiscal 2025 following better-than-expected first-quarter results.This polyester and nylon yarn maker is expected to post quarterly loss of $0.50 per share in its upcoming report, which represents a year-over-year change of +38.3%. Revenues are expected to be $139.9 million, up 2.2% 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 Unifi, 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 UFI 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 >>>>Unifi belongs to the Zacks Textile - Products industry. Another stock from the same industry, Albany International (AIN), closed the last trading session 0.3% higher at $79.97. Over the past month, AIN has returned -6.3%.Albany International's consensus EPS estimate for the upcoming report has changed +1.6% over the past month to $0.65. Compared to the company's year-ago EPS, this represents a change of -46.7%. Albany International currently boasts a Zacks Rank of #3 (Hold).Just Released: Zacks Top 10 Stocks for 2024Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>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 Unifi, Inc. (UFI): Free Stock Analysis Report Albany International Corporation (AIN): 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