Bath & Body Works (BBWI) Surges 8.7%: Is This an Indication of Further Gains?

Bath & Body Works shares surged 8.7% to close at $17.46 on solid volume, despite a 17.7% loss over the past four weeks. The company is expected to report quarterly earnings of $0.11 per share (down 68.6% year-over-year) with revenues of $1.54 billion (down 3.4%). However, a positive 0.9% upward revision in EPS estimates over the last 30 days suggests potential near-term strength. The stock carries a Zacks Rank #3 (Hold) rating.