Piper Sandler Companies (PIPR) Surges 4.2%: Is This an Indication of Further Gains?

This company is expected to post quarterly earnings of $2.26 per share in its upcoming report, which represents a year-over-year change of +100%. Revenues are expected to be $337.2 million, up 15.8% 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 Piper Sandler Companies, the consensus EP ...