ServiceTitan Inc. TTAN shares ended the last trading session 7.4% higher at $84.22. 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 10.9% gain over the past four weeks.
ServiceTitan is benefitting from strong customer adoption of its AI powered Max platform, an expanding trades software market opportunity and rising analyst confidence in its long term growth strategy.
This company is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +9.1%. Revenues are expected to be $285.14 million, up 17.8% 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 ServiceTitan Inc., 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 TTAN 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 >>>>
ServiceTitan Inc. belongs to the Zacks Internet - Software industry. Another stock from the same industry, Sportradar Group AG SRAD, closed the last trading session 0.9% higher at $14.95. Over the past month, SRAD has returned -1%.
For Sportradar Group, the consensus EPS estimate for the upcoming report has changed -5.3% over the past month to $0.06. This represents a change of -64.7% from what the company reported a year ago. Sportradar Group currently has a Zacks Rank of #5 (Strong Sell).
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
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Originally published on zacks.com, part of the BLOX Digital Content Exchange.
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