Axos Financial (AX) Moves 7.7% Higher: Will This Strength Last?

Company Overview - Axos Financial (AX) shares increased by 7.7% to $70.81 in the last trading session, marking a 23.2% gain over the past four weeks [1] - The stock has rallied for six consecutive trading sessions, reaching a 52-week high of $71.95 [1] - The upcoming quarterly earnings are expected to be $1.83 per share, reflecting a year-over-year increase of 22%, with revenues projected at $296.02 million, up 25.2% from the previous year [1] Industry Context - Encouraging inflation data and cooling employment figures have raised expectations for the Federal Reserve to potentially cut interest rates in the near term, which could stabilize or lower banks' funding costs and improve loan demand [1] - The banking sector has seen increased investor interest, contributing to the rise in Axos Financial's stock price [1] Earnings Estimates - The consensus EPS estimate for Axos Financial has remained unchanged over the last 30 days, indicating a lack of recent earnings estimate revisions [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [2] - NewtekOne, another company in the same industry, has also maintained its EPS estimate at $0.41, representing a year-over-year change of 57.7% [3]