Compass Minerals (CMP) shares surged 8.8% to $22.68 due to high trading volume. BMO Capital raised the price target to $25. Quarterly earnings are expected at $0.11 per share, a 120% increase YoY. Revenue is forecasted at $329.69 million, up 7.3% YoY. Earnings estimate revisions are crucial for stock price movements. CMP currently holds a Zacks Rank #3 (Hold).
In the same industry, LyondellBasell (LYB) saw a 1.3% increase to $46.2. LYB’s consensus EPS estimate dropped by -6.2% to $0.19. This represents a -74.7% change YoY. LYB also holds a Zacks Rank #3 (Hold). The demand for data is driving the semiconductor market’s growth, positioning certain chipmakers for success in the future. One such company is emerging as a strong player in this market.
Read more at Nasdaq: Compass (CMP) Soars 8.8%: Is Further Upside Left in the Stock?
