Guaranty Bancshares Inc. (GNTY) shares rallied 9% w
Guaranty Bancshares Inc. (GNTY) shares rallied 9% within the final buying and selling session to shut at $37.51. This transfer may be attributable to notable quantity with a better variety of shares being traded than in a typical session. This compares to the inventory’s 10.1% acquire over the previous 4 weeks.
The inventory prolonged its rally for the third consecutive day. In reality, it touched a brand new 52-week excessive of $38.49 in final day’s buying and selling session. Rising investor optimism surrounding the expectation of an accelerated restoration of the financial system drove the inventory greater. The optimistic sentiments may be attributable to the steepening of the yield curve, the in depth vaccination drive, extra authorities spending and favorable financial information.
Worth and Consensus
This firm is anticipated to put up quarterly earnings of $0.78 per share in its upcoming report, which represents a year-over-year change of +56%. Revenues are anticipated to be $29.1 million, up 14% from the year-ago quarter.
Whereas earnings and income progress expectations are necessary in evaluating the potential energy in a inventory, empirical analysis exhibits a robust correlation between tendencies in earnings estimate revisions and near-term inventory value actions.
For Warranty Bancshares Inc., the consensus EPS estimate for the quarter has remained unchanged over the past 30 days. And a inventory’s value normally does not hold transferring greater within the absence of any development in earnings estimate revisions. So, be sure that to control GNTY going ahead to see if this latest leap can flip into extra energy down the street.
The inventory at present carries a Zacks Rank 3 (Maintain). You possibly can see the whole listing of at the moment’s Zacks Rank #1 (Robust Purchase) shares right here >>>>
Need the newest suggestions from Zacks Funding Analysis? In the present day, you possibly can obtain 7 Finest Shares for the Subsequent 30 Days. Click on to get this free report
Warranty Bancshares Inc. (GNTY): Free Inventory Evaluation Report
To learn this text on Zacks.com click on right here.
Zacks Funding Analysis
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.