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Centuri(CTRI) Shares Soar 33% on Earnings Anticipation

Mover TrackerThursday, May 8, 2025 6:41 pm ET

12min read

Centuri(CTRI) shares rose to their highest level since February 2025 today, with an intraday gain of 2.61%.

The strategy of buying CTRI shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 7.56% annualized gain. This suggests a defensive approach, as the strategy largely avoided the declines of the market's bear phases, particularly during the 2022 downturn. However, the returns were relatively modest, indicating that the strategy may not capitalize as strongly on the upside during market rallies as it protects against downturns.

Centuri Holdings, Inc. has seen a significant surge in its stock price, with a 33% increase over the past month. This upward trend can be attributed to several key factors. The company's shares have recently surpassed the average analyst 12-month target price of $20.42, trading at $21. This achievement has likely contributed to the positive momentum in the stock's performance.

Additionally, Centuri has rescheduled its Q1 2025 earnings release from May 7 to May 12. The anticipation surrounding the upcoming earnings report is likely influencing investor sentiment and driving the stock's performance. Investors are eagerly awaiting the release, which is expected to show a strong earnings beat. Centuri Holdings is projected to report its first-quarter results with an Earnings ESP of +25.00% and a favorable Zacks Rank, further fueling investor optimism.

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