ChampionX (CHX) Surges 12.6%: Is This an Indication of Further Gains?

Company Overview - ChampionX (CHX) shares increased by 12.6% to $25.35 in the last trading session, following a significant volume of trading, contrasting with a 21.1% loss over the past four weeks [1] - The company is expected to report quarterly earnings of $0.41 per share, reflecting an 18% decrease year-over-year, with revenues projected at $869 million, down 5.8% from the previous year [2] - The consensus EPS estimate for ChampionX has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] Industry Context - ChampionX operates within the Zacks Engineering - R and D Services industry, where Aecom Technology (ACM) also resides, with ACM shares closing 9% higher at $94.99, despite a -7.6% return over the past month [3] - Aecom's consensus EPS estimate is $1.15, showing a 10.6% increase from the previous year, and it currently holds a Zacks Rank of 3 (Hold) [4]