Perimeter Solutions, SA (PRM) Surges 10.0%: Is This an Indication of Further Gains?

Company Overview - Perimeter Solutions, SA (PRM) shares increased by 10% to close at $10.02, following a significant trading volume compared to typical sessions [1] - The stock had previously experienced a 10.5% decline over the past four weeks [1] - UBS analysts upgraded PRM from "Neutral" to "Buy" with a price target of $14 [1] Earnings Expectations - PRM is projected to report a quarterly loss of $0.09 per share, reflecting a year-over-year improvement of 52.6% [2] - Expected revenues for the upcoming quarter are $63.38 million, which is a 7.4% increase from the same quarter last year [2] - The consensus EPS estimate for PRM has remained unchanged over the last 30 days, indicating a lack of earnings estimate revisions [3] Industry Context - Perimeter Solutions, SA operates within the Zacks Chemical - Specialty industry [3] - PPG Industries, another company in the same industry, saw a slight increase of 0.2% to $111.93, but has returned -2.3% over the past month [3] - PPG's consensus EPS estimate has decreased by 0.2% to $1.62, representing a 12.9% decline from the previous year [4]