Heico Corporation HEI shares soared 3.7% in the last trading session to close at $162.31. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.1% loss over the past four weeks.Heico Corp. is benefiting from organic growth and disciplined acquisition strategy that is driving its overall performance. Rebound in demand for its commercial aerospace products and services is acting as a tailwind.Heico’s global presence, improving global air travel and high-quality product offering is resulting in strong orders and rising backlog, which continue to boost performance of the company.This company is expected to post quarterly earnings of $0.70 per share in its upcoming report, which represents a year-over-year change of +12.9%. Revenues are expected to be $596.74 million, up 17.1% 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 Heico Corporation, 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 HEI 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 >>>>Heico Corporation is part of the Zacks Aerospace - Defense Equipment industry. AAR (AIR), another stock in the same industry, closed the last trading session 2.8% higher at $46.56. AIR has returned 0.8% in the past month.AAR's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.69. Compared to the company's year-ago EPS, this represents a change of +30.2%. AAR currently boasts a Zacks Rank of #3 (Hold). Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Heico Corporation (HEI): Free Stock Analysis Report AAR Corp. (AIR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research