It has been a couple of month because the final earnings report for Nektar Therapeutics (NKTR). Shares have misplaced about 38.8% in that time-frame, underperforming the S&P 500.
Will the current damaging development proceed main as much as its subsequent earnings launch, or is Nektar due for a breakout? Earlier than we dive into how buyers and analysts have reacted as of late, let’s take a fast have a look at its most up-to-date earnings report to be able to get a greater deal with on the essential catalysts.
How Have Estimates Been Shifting Since Then?
It seems, estimates overview have trended upward in the course of the previous month.
The consensus estimate has shifted 12.5% resulting from these modifications.
VGM Scores
At present, Nektar has a subpar Progress Rating of D, nonetheless its Momentum Rating is doing so much higher with an A. Nevertheless, the inventory was allotted a grade of D on the worth facet, placing it within the backside 40% for this funding technique.
Total, the inventory has an combination VGM Rating of C. In the event you aren’t targeted on one technique, this rating is the one you have to be desirous about.
Outlook
Estimates have been broadly trending upward for the inventory, and the magnitude of those revisions seems promising. Notably, Nektar has a Zacks Rank #3 (Maintain). We anticipate an in-line return from the inventory within the subsequent few months.
Efficiency of an Trade Participant
Nektar belongs to the Zacks Medical – Medication business. One other inventory from the identical business, Catalyst Pharmaceutical (CPRX), has gained 2.8% over the previous month. Greater than a month has handed because the firm reported outcomes for the quarter ended December 2024.
Catalyst reported revenues of $141.82 million within the final reported quarter, representing a year-over-year change of +28.3%. EPS of $0.70 for a similar interval compares with $0.53 a yr in the past.
For the present quarter, Catalyst is anticipated to submit earnings of $0.53 per share, indicating a change of +39.5% from the year-ago quarter. The Zacks Consensus Estimate has modified -1.7% during the last 30 days.
The general path and magnitude of estimate revisions translate right into a Zacks Rank #3 (Maintain) for Catalyst. Additionally, the inventory has a VGM Rating of A.
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Nektar Therapeutics (NKTR) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
