Adtalem Global Education ATGE shares ended the last trading session 7.8% higher at $106.48. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.5% gain over the past four weeks.

Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, Adtalem shares soared, reflecting renewed investor optimism.

This for-profit education company is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of +8.7%. Revenues are expected to be $443.49 million, up 7.5% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Adtalem, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ATGE going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Adtalem is part of the Zacks Schools industry. Laureate Education (LAUR), another stock in the same industry, closed the last trading session 6.7% higher at $19.56. LAUR has returned -3.9% in the past month.

Laureate Education's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.08. Compared to the company's year-ago EPS, this represents a change of -14.3%. Laureate Education currently boasts a Zacks Rank of #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Adtalem Global Education Inc. (ATGE) : Free Stock Analysis Report

Laureate Education (LAUR) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research