USA Truck (USAK) closed at $14.92 in the latest trading session, marking a -0.86% move from the prior day. This move lagged the S&P 500’s daily gain of 0.12%.
Heading into today, shares of the truckload carrier had lost 2.46% over the past month, outpacing the Transportation sector’s loss of 3.44% and lagging the S&P 500’s gain of 3% in that time.
USAK will be looking to display strength as it nears its next earnings release, which is expected to be July 29, 2021. The company is expected to report EPS of $0.50, up 933.33% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for USAK. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
