Graham Corporation (GHM) saw its shares rise 7.3% during the last trading session, closing at $69.50, amid higher-than-normal trading volume. Over the past four weeks, the stock has gained 16.9%. The company’s positive momentum is attributed to robust performance in the defense, energy, and process markets, bolstered by a strong U.S. defense budget and increased sales in China.
GHM is expected to report quarterly earnings of $0.25 per share, reflecting a year-over-year growth of 38.9%. Revenues are projected at $51.06 million, representing an 8.6% increase from the previous year. The company’s consensus EPS estimate has remained stable over the last month, which is critical for sustaining the stock’s upward movement. Graham currently holds a Zacks Rank of #3 (Hold).
