Encore Wire (WIRE) closed the most recent trading day at $123.88, moving +0.22% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.2%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.12%. Prior to today's trading, shares of the copper wire maker had lost 1.4% over the past month. This has was narrower than the Industrial Products sector's loss of 2.89% and the S&P 500's loss of 3.29% in that time. Investors will be hoping for strength from Encore Wire as it approaches its next earnings release. The company is expected to report EPS of $4.63, down 45.59% from the prior-year quarter. It is also important to note the recent changes to analyst estimates for Encore Wire. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices.