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BTRS Holdings Inc. (BTRS) Surges 8%: Is This an Indication of Further Gains?

Zacks Equity Research
·2 min read

BTRS Holdings Inc. (BTRS) shares rallied 8% in the last trading session to close at $5.68. 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 1% gain over the past four weeks.

The stock is currently benefiting from the company’s investments in sales and marketing, product and technology. BTRS has a sizable addressable market and differentiated products that are in high demand.

This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $41.49 million, up 31.4% 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.

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For BTRS Holdings 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 BTRS going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

BTRS Holdings Inc. is part of the Zacks Technology Services industry. Harsco (HSC), another stock in the same industry, closed the last trading session 6.4% higher at $4.83. HSC has returned -38.2% in the past month.

Harsco's consensus EPS estimate for the upcoming report has changed -52% over the past month to $0.01. Compared to the company's year-ago EPS, this represents a change of -96.4%. Harsco currently boasts a Zacks Rank of #4 (Sell).


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Zacks Investment Research