TPG Inc. TPG shares rallied 15.6% in the last trading session to close at $45.87. 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 18.4% loss over the past four weeks.
TPG Inc. stock surged, driven by a substantial jump in the broad markets. The jump was driven by President Donald Trump’s announcement of a 90-day tariff pause for the non-retaliating nations. This cheered the investors, driving the TPG stock higher.
This company is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of +10.2%. Revenues are expected to be $465.11 million, up 3.1% 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 TPG 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 TPG 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 >>>>
TPG Inc. belongs to the Zacks Financial - Investment Management industry. Another stock from the same industry, Ares Management ARES, closed the last trading session 15.6% higher at $142.37. Over the past month, ARES has returned -13.9%.
Ares Management's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.97. Compared to the company's year-ago EPS, this represents a change of +21.3%. Ares Management currently boasts a Zacks Rank of #4 (Sell).
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This article originally published on Zacks Investment Research (zacks.com).
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