VistaGen Therapeutics, Inc. (VTGN) got here out with a quarterly lack of $0.42 per share versus the Zacks Consensus Estimate of a lack of $0.40. This compares to lack of $0.66 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -5%. 1 / 4 in the past, it was anticipated that this firm would publish a lack of $0.41 per share when it truly produced a lack of $0.35, delivering a shock of 14.63%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
VistaGen Therapeutics
The sustainability of the inventory’s rapid value motion based mostly on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
VistaGen Therapeutics shares have misplaced about 39.7% for the reason that starting of the yr versus the S&P 500’s achieve of 24.3%.
What’s Subsequent for VistaGen Therapeutics?
Whereas VistaGen Therapeutics has underperformed the market to date this yr, the query that involves traders’ 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 traders 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 tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a powerful monitor file of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for VistaGen Therapeutics: combined. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out consistent with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.48 on $0.34 million in revenues for the approaching quarter and -$1.79 on $0.69 million in revenues for the present fiscal yr.
Buyers must be conscious of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as properly. By way of the Zacks Trade Rank, Medical – Biomedical and Genetics is at the moment within the high 36% 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 other inventory from the identical business, Kezar Life Sciences, Inc. (KZR), has but to report outcomes for the quarter ended September 2024.
This firm is predicted to publish quarterly lack of $3.03 per share in its upcoming report, which represents a year-over-year change of +5.3%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Kezar Life Sciences, Inc.’s revenues are anticipated to be $4 million, down 42.9% 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 mirror these of Nasdaq, Inc.
