Invesco (IVZ) Surges 15.3%: Is This an Indication of Further Gains?

Company Overview - Invesco (IVZ) shares increased by 15.3% in the last trading session, closing at $19.92, with a total gain of 17.4% over the past four weeks [1][2] - The stock reached a 52-week high of $20.05 during a rally driven by news of a proposed conversion of the Invesco QQQ Trust from a unit investment trust to an open-end ETF structure, which would allow the company to earn revenues and potential profits [2] Earnings Expectations - Invesco is expected to report quarterly earnings of $0.40 per share, reflecting a year-over-year decline of 7%, while revenues are projected to be $1.11 billion, an increase of 1.9% from the previous year [3] - The consensus EPS estimate for the quarter has been revised 12.7% higher over the last 30 days, indicating a positive trend that typically correlates with price appreciation [4] Industry Context - Invesco is part of the Zacks Financial - Investment Management industry, which includes other companies like Silvercrest (SAMG) [4] - Silvercrest's consensus EPS estimate has remained unchanged at $0.3, indicating no growth compared to the previous year, and it currently holds a Zacks Rank of 3 (Hold) [5]