Urogen Pharma (URGN) got here out with a quarterly lack of $0.55 per share versus the Zacks Consensus Estimate of a lack of $0.84. This compares to lack of $0.68 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 34.52%. 1 / 4 in the past, it was anticipated that this firm would submit a lack of $0.82 per share when it really produced a lack of $0.91, delivering a shock of -10.98%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Urogen Pharma
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
Urogen Pharma shares have misplaced about 18.6% for the reason that starting of the 12 months versus the S&P 500’s acquire of 21.2%.
What’s Subsequent for Urogen Pharma?
Whereas Urogen Pharma has underperformed the market up to now this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable monitor document of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Urogen Pharma: unfavorable. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.83 on $27.27 million in revenues for the approaching quarter and -$3.49 on $92.1 million in revenues for the present fiscal 12 months.
Traders ought to be conscious of the truth that the outlook for the business can have a fabric affect on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Medical – Biomedical and Genetics is presently within the prime 38% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical business, BioCardia, Inc. (BCDA), is but to report outcomes for the quarter ended September 2024.
This firm is predicted to submit quarterly lack of $1.19 per share in its upcoming report, which represents a year-over-year change of +33.9%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
BioCardia, Inc.’s revenues are anticipated to be $0.2 million, down 44.4% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
