Hoya Corp. HOCPY shares ended the last trading session 5.6% higher at $98.15. 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 9.1% loss over the past four weeks.The recent surge in Hoya Corp’s share price can be attributed to the news that it has established a joint venture company with Beijing BOE Vision Electronic Technology co. Ltd. a member of the BOE Group, in China. The joint venture will involve Hoya Corp’s flat panel display business unit.This company is expected to post quarterly earnings of $0.93 per share in its upcoming report, which represents a year-over-year change of -12.3%. Revenues are expected to be $1.39 billion, down 6.2% 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 Hoya Corp., the consensus EPS estimate for the quarter has been revised 6.1% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on HOCPY 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 >>>>Hoya Corp. belongs to the Zacks Electronics - Miscellaneous Products industry. Another stock from the same industry, Flex (FLEX), closed the last trading session 3.4% higher at $17.17. Over the past month, FLEX has returned -7.9%.Flex's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.51. Compared to the company's year-ago EPS, this represents a change of +6.3%. Flex currently boasts a Zacks Rank of #3 (Hold). FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hoya Corp. (HOCPY): Free Stock Analysis Report Flex Ltd. (FLEX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research