Element Solutions (ESI) shares ended the last trading session 10.7% higher at $19.37. 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 31.3% loss over the past four weeks.

The rally in ESI was fueled by a broader rise in material stocks after President Trump paused reciprocal tariffs for most countries for 90 days.

This specialty chemical and printing products is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%. Revenues are expected to be $586.13 million, up 1.9% 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 Element Solutions, 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 ESI 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 >>>>

Element Solutions belongs to the Zacks Chemical - Specialty industry. Another stock from the same industry, Celanese (CE), closed the last trading session 17.1% higher at $43.90. Over the past month, CE has returned -31.4%.

Celanese's consensus EPS estimate for the upcoming report has changed -4.4% over the past month to $0.40. Compared to the company's year-ago EPS, this represents a change of -80.8%. Celanese currently boasts a Zacks Rank of #5 (Strong Sell).

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This article originally published on Zacks Investment Research (zacks.com).

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