W.W. Grainger (GWW) Moves 4.1% Higher: Will This Strength Last?

W.W. Grainger (GWW) shares soared 4.1% in the last trading session to close at $1. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.4% gain over the past four weeks.Grainger's stock climbed after the U.S.-Iran agreement led to the reopening of the Strait of Hormuz, which sparked a broader investor appetite for growth stocks. The company has also been gaining since its strong first quarter performance. Following the strong start, the company has raised the 2026 guidance. It expects net sales of $19.2-$19.6 billion, up from the prior mentioned $18.7-$19.1 billion. Earnings per share are expected to be $44.25-$46.25 compared with the previously mentioned $42.25-$44.75. The company also increased the quarterly dividend by 10%, underscoring capital return discipline. This seller of maintenance and other supplies is expected to post quarterly earnings of $11.16 per share in its upcoming report, which represents a year-over-year change of +11.9%. Revenues are expected to be $4.93 billion, up 8.3% 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 W.W. Grainger, the consensus EPS estimate for the quarter has been revised 1.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on GWW 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 >>>>W.W. Grainger is a member of the Zacks Industrial Services industry. One other stock in the same industry, LegalZoom (LZ), finished the last trading session 1.3% lower at $5.5. LZ has returned -13.4% over the past month.LegalZoom's 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 no change. LegalZoom currently boasts a Zacks Rank of #3 (Hold).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks