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Xponential Fitness (XPOF) Surges 34.3%: Is This an Indication of Further Gains?

Zacks Equity Research
·2 分鐘文章

Xponential Fitness (XPOF) shares soared 34.3% in the last trading session to close at $15.13. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 28.1% gain over the past four weeks.

Shares of Xponential Fitness soared following the announcement of a new CEO. The Board of Directors has unanimously appointed Mark King as CEO, effective June 17, 2024.

 

This franchisor of boutique fitness brands is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +171.4%. Revenues are expected to be $83.93 million, up 8.5% from the year-ago quarter.

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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 Xponential Fitness, 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 XPOF 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 >>>>

Xponential Fitness belongs to the Zacks Leisure and Recreation Services industry. Another stock from the same industry, Caesars Entertainment (CZR), closed the last trading session 0.3% higher at $36.12. Over the past month, CZR has returned 1.4%.

Caesars Entertainment's consensus EPS estimate for the upcoming report has changed +4.5% over the past month to $0.19. Compared to the company's year-ago EPS, this represents a change of -76.8%. Caesars Entertainment currently boasts a Zacks Rank of #3 (Hold).

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Xponential Fitness, Inc. (XPOF) : Free Stock Analysis Report

Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report

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Zacks Investment Research