American Equity (AEL) surges 10.9%: Is this an indication of further gains?

American Equity Investment shares soared 10.9% in the last trading session to close at $45.10. This annuity and insurance underwriter is expected to post quarterly earnings of $1.52 per share in its upcoming report, which represents a year-over-year change of +55.1%. Revenues are expected to be $559.61 million, down 5.5% from the year-ago quarter.