I’m seeking to inject some pleasure into my Shares and Shares ISA. I’ve spent the final yr shopping for undervalued FTSE 100 earnings shares, now I’m seeking to generate some progress as properly. These three FTSE 250 shares are up nearly 25% within the final month. Is that this the place I ought to begin my hunt?

Previous efficiency is not any information to the long run, particularly over the brief time period. So I’m approaching Moonpig Group (LSE: MOON) with warning. Its shares have rebounded 24.94% within the final month. That’s a wonderful consequence, however all that issues in the present day is the place they go subsequent.

Progress alternatives

The Moonpig share price is up 20.55% over one yr, however that follows a rocky experience for the net greetings card provider whose shares plunged by two-thirds after itemizing in February 2021.

The temper modified on 28 June when it posted a 6.6% enhance in full-year revenues to £341.1m, with pre-tax earnings up practically 33% to £46.4m. Its subscription service Moonpig Plus, which presents discounted playing cards and perks for £9.99 yearly, exceeded expectations with half 1,000,000 members in a yr.

Dealer Berenberg has praised the group’s technology-led technique and hiked its price goal from 265p to 280p. As we speak, it trades at round 192p. That’s a possible rise of 38% from right here. With shoppers more likely to begin feeling higher off, it may proceed to develop. Trading at 14.72 instances earnings, the inventory isn’t costly. I’m tempted to purchase earlier than extra buyers wake up to its restoration, however current volatility makes me cautious.

XPS Pensions Group (LSE: XPS) solely joined the FTSE 250 final month but it surely’s going nice weapons, up 23.95% in a month. Over one yr, it’s up a blockbuster 76.22%. It’s pricier than Moonpig, buying and selling at 19.26 instances earnings.

It’s additionally received a elevate from a constructive set of outcomes, reporting on 20 June that group income jumped 21% final yr to £196.6m.

XPS is the largest pensions consultancy in Britain. It ought to profit because the inhabitants will get older and begins worrying about retirement. In distinction to Moonpig, it pays dividends, with a present trailing yield of three.07%. That’s fairly spectacular, given its stellar share price progress. Higher nonetheless, the board hiked final yr’s payout by 19%.

Time to purchase?

One danger is that it has grown shortly by acquisitions, which don’t all the time add worth. They’ve to this point, although. I like Moonpig, however I like XPS extra.

Tender drinks agency Britvic (LSE: BVIC) was the FTSE 250’s third greatest performer over the past month, up 23.66%. A £3.1bn takeover proposal by Danish brewer Carlsberg has put some fizz into the inventory, which has now climbed 42.02% over 12 months.

The board has to this point rejected two proposals, one at 1,200p per share and one other at 1,250p. As we speak, the shares commerce at 1,216p.

High Britvic shareholder Aviva reckons Carlsberg must go greater. It says it hasn’t factored within the anticipated enchancment in Britvic’s funds. As we speak, the £2.98bn group trades at 19.84 instances earnings.

Personally, I by no means purchase on takeover speak. There may be an excessive amount of uncertainty, plus a danger the share price will flop if it falls by. XPS is firmly on my radar and I’ll look to purchase as soon as the thrill over its outcomes ebbs. Then I’ll take a second have a look at Moonpig.