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Stock impact report

ProFrac Holding Corp. (ACDC) Stock Jumps 23.0%: Will It Continue to Soar? [Yahoo! Finance]

ProFrac Holding Corp. - Class A (ACDC) 
Company Research Source: Yahoo! Finance
This compares to the stock's 40.6% loss over the past four weeks. An analyst from Stifel has recently raised the target price for ProFrac Holding Corp.'s stocks. This might have led to ACDC's latest share price hike. This company is expected to post quarterly loss of $0.31 per share in its upcoming report, which represents a year-over-year change of -1133.3%. Revenues are expected to be $488.95 million, down 15.9% 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 ProFrac Holding Corp., the consensus EPS estimate for the quarter has been revised 11.7% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on ACDC going forward to see i Show less Read more
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