Douglas Dynamics (PLOW) Stock Jumps 6.4%: Will It Continue to Soar?

Douglas Dynamics (PLOW) shares ended the last trading session 6.4% higher at $53.54. 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 11% gain over the past four weeks.Shares of Douglas Dynamics surged as the company advanced its strategy of acquiring complex attachments to broaden and strengthen its portfolio. In November, it completed the acquisition of substantially all assets of Venco Venturo Industries LLC. The acquisition has significantly increased Douglas' Work Truck Attachments segment's first-quarter sales.This snowplow maker is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of +16.7%. Revenues are expected to be $236.2 million, up 21.6% 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 Douglas Dynamics, 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 PLOW going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Douglas Dynamics belongs to the Zacks Automotive - Replacement Parts industry. Another stock from the same industry, Dorman Products (DORM), closed the last trading session 1.9% higher at $134.37. Over the past month, DORM has returned 6.7%.For Dorman Products, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.78. This represents a change of -13.6% from what the company reported a year ago. Dorman Products currently has a Zacks Rank of #3 (Hold).Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks