Turning Point Brands (TPB) saw a 5.1% increase in shares, closing at $78.39. The surge was supported by high trading volume, contrasting with a 1.4% loss in the previous four weeks. Optimism surrounds TPB’s growth in the modern oral segment, driven by rising nicotine pouch sales and market penetration.
TPB is expected to report quarterly earnings of $0.79 per share, a -11.2% YoY change, with revenues of $105.55 million, down 2.7%. Earnings estimate revisions often impact stock prices. TPB’s consensus EPS estimate has remained steady, but monitoring future trends is crucial for sustained growth.
Altria (MO) also saw a 0.6% increase in shares, closing at $58.48. The company’s upcoming report is expected to show an EPS of $1.37, a +4.6% YoY change. With a Zacks Rank of #2 (Buy), Altria continues to be a strong player in the tobacco industry.
Read more at Nasdaq: Turning Point Brands (TPB) Soars 5.1%: Is Further Upside Left in the Stock?