RGC Resources Inc. (RGCO) shares soared 13% in the last trading session to close at $23.49. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1% gain over the past four weeks.

RGC Resources has shown strong growth, with its recent stock performance reflecting growing confidence from investors. This upward trend is driven by the company’s strategic initiatives, along with favorable market conditions like increased energy demand and supportive utility regulations. These factors have helped fuel steady gains in the stock, creating a positive outlook for the company’s future. Furthermore, RGC has earned investor trust by consistently raising its dividends each year. This track record highlights the company’s financial stability and its commitment to delivering value to shareholders. Overall, the company’s solid performance and focus on shareholder returns make it an attractive investment with promising prospects ahead.

This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of -110%. Revenues are expected to be $13 million, up 4.3% 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 RGC Resources, 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 RGCO 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 >>>>

RGC Resources is part of the Zacks Oil and Gas - Refining and Marketing industry. Adams Resources & Energy (AE), another stock in the same industry, closed the last trading session 1.8% higher at $28.01. AE has returned 0.1% in the past month.

Adams Resources' consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.56. Compared to the company's year-ago EPS, this represents a change of +22.2%. Adams Resources currently boasts a Zacks Rank of #3 (Hold).

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