Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) shares ended the last trading session 7.3% higher at $23.84. 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 28.9% loss over the past four weeks.

Strong domestic travel demand, growth in its membership base, strategic expansion and brand enhancements continue to aid the company.

This company is expected to post quarterly earnings of $0.31 per share in its upcoming report, which represents a year-over-year change of +19.2%. Revenues are expected to be $258.97 million, up 27.4% 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 Atour Lifestyle Holdings Limited Sponsored ADR, the consensus EPS estimate for the quarter has been revised 2.3% 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 ATAT going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Atour Lifestyle Holdings Limited Sponsored ADR belongs to the Zacks Leisure and Recreation Services industry. Another stock from the same industry, Lucky Strike Entertainment (LUCK), closed the last trading session 1.3% lower at $9. Over the past month, LUCK has returned -5.7%.

For Lucky Strike Entertainment , the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.23. This represents a change of +76.9% from what the company reported a year ago. Lucky Strike Entertainment currently has a Zacks Rank of #3 (Hold).

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

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