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Strength Seen in International Money Express (IMXI): Can Its 6.4% Jump Turn into More Strength?

International Money Express (IMXI) shares soared 6.4% in the last trading session to close at $21.77. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1.8% loss over the past four weeks.

The stock is benefiting from the company’s strong network of retail agents and robust growth in customers and transactions.

This company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of -20.5%. Revenues are expected to be $133.1 million, up 14% 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 International Money Express, 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 IMXI 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 >>>>

International Money Express is a member of the Zacks Financial Transaction Services industry. One other stock in the same industry, Diebold Nixdorf (DBD), finished the last trading session 1.8% higher at $2.31. DBD has returned -27.2% over the past month.

Diebold Nixdorf's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.22. Compared to the company's year-ago EPS, this represents a change of -320%. Diebold Nixdorf currently boasts a Zacks Rank of #5 (Strong Sell).

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Diebold Nixdorf, Incorporated (DBD): Free Stock Analysis Report
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