Cabot (CBT) shares ended the last trading session 7.6% higher at $65.14. 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 16.3% loss over the past four weeks.CBT’s rally appears to reflect strong expected underlying demand across its businesses and upbeat prospects from the acquisition of the Tokai Carbon Black Plant. Cabot is benefiting from a recovery in demand from the pandemic-led slowdown, its disciplined execution of operations and targeted growth initiatives. The Tokai Carbon buyout will also enable it to meet the demand for lithium-ion batteries and run its operations responsibly to reduce the environmental impact.This chemical company is expected to post quarterly earnings of $1.53 per share in its upcoming report, which represents a year-over-year change of +13.3%. Revenues are expected to be $1.04 billion, up 13.7% 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 Cabot, the consensus EPS estimate for the quarter has been revised 1.7% 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 CBT 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 >>>>Cabot belongs to the Zacks Chemical - Diversified industry. Another stock from the same industry, Northern Technologies (NTIC), closed the last trading session 0.4% lower at $10.17. Over the past month, NTIC has returned -6.3%.Northern Technologies' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.15. Compared to the company's year-ago EPS, this represents a change of -28.6%. Northern Technologies currently boasts a Zacks Rank of #3 (Hold). Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>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 Cabot Corporation (CBT): Free Stock Analysis Report Northern Technologies International Corporation (NTIC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research