Shift4 Payments (FOUR) Surges 8.8%: Is This an Indication of Further Gains?

Shift4 Payments (FOUR) shares ended the last trading session 8.8% higher at $47.65. 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 0.1% loss over the past four weeks.Shift4 Payments stock witnessed a price rise, driven by strength in its integrated end-to-end commerce platform that combines payment processing, gateway, POS software, business intelligence and eCommerce solutions into a single ecosystem. Its proprietary omni-channel technology supports multiple payment methods, strong security, and seamless integration with hundreds of software providers. A diversified merchant base, recurring revenue model, extensive partner network, enterprise relationships, continuous product innovation, and expanding global presence following strategic acquisitions further strengthen its market position and long-term growth prospects.This company is expected to post quarterly earnings of $1.21 per share in its upcoming report, which represents a year-over-year change of +10%. Revenues are expected to be $614.9 million, up 48.7% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Shift4 Payments, 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 FOUR 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 >>>>Shift4 Payments belongs to the Zacks Financial Transaction Services industry. Another stock from the same industry, DLocal (DLO), closed the last trading session 2.8% higher at $12.69. Over the past month, DLO has returned 5.7%.DLocal's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.2. Compared to the company's year-ago EPS, this represents a change of +42.9%. DLocal currently boasts 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