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MARKETS LIVE BLOG:

STOCKS SLIP WITH MIDEAST TENSIONS, EARNINGS IN PLAY

Oil pares losses as traders anticipate Israel's response to Iranian attack

Repay Holdings (RPAY) Surges 6.9%: Is This an Indication of Further Gains?

Zacks Equity Research
·2 min read

Repay Holdings (RPAY) shares soared 6.9% in the last trading session to close at $13.89. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.6% gain over the past four weeks.

Repay Holdings extended its rally for the fifth straight day, driven by optimism over the ongoing recovery in the electronics payments space and rising demand for digital transactions. The streak follows a massive industry-wide panic selling, which made financial transaction services stocks attractive again. Also, RPAY's move to expand its partnership with Hotel Investor Apps at a time when the travel and tourism sector is witnessing a rebound is a major positive.

This company is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $70.62 million, up 45.9% 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.

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For Repay Holdings, 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 RPAY 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 >>>>

Repay Holdings belongs to the Zacks Financial Transaction Services industry. Another stock from the same industry, Fidelity National Information Services (FIS), closed the last trading session 6.1% higher at $98.63. Over the past month, FIS has returned -10.8%.

Fidelity National's consensus EPS estimate for the upcoming report has changed -0.1% over the past month to $1.73. Compared to the company's year-ago EPS, this represents a change of +7.5%. Fidelity National currently boasts a Zacks Rank of #3 (Hold).


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Repay Holdings Corporation (RPAY) : Free Stock Analysis Report
 
Fidelity National Information Services, Inc. (FIS) : Free Stock Analysis Report
 
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