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Why Calithera Biosciences (CALA) Could Be Positioned for a Surge
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Calithera Biosciences, Inc. (CALA - Free Report) is a clinical-stage biopharmaceutical company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CALA’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Calithera Biosciences could be a solid choice for investors.
Current Quarter Estimates for CALA
In the past 30 days, one estimate has gone higher for Calithera Biosciences while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 27 cents a share 30 days ago, to a loss of 24 cents today, a move of 11.1%.
Current Year Estimates for CALA
Meanwhile, Calithera Biosciences’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.11 per share 30 days ago to a loss of 99 cents per share today, an increase of 10.8%.
The stock has also started to move higher lately, adding 8.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Why Calithera Biosciences (CALA) Could Be Positioned for a Surge
Calithera Biosciences, Inc. (CALA - Free Report) is a clinical-stage biopharmaceutical company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CALA’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Calithera Biosciences could be a solid choice for investors.
Current Quarter Estimates for CALA
In the past 30 days, one estimate has gone higher for Calithera Biosciences while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 27 cents a share 30 days ago, to a loss of 24 cents today, a move of 11.1%.
Current Year Estimates for CALA
Meanwhile, Calithera Biosciences’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.11 per share 30 days ago to a loss of 99 cents per share today, an increase of 10.8%.
Calithera Biosciences, Inc. Price and Consensus
Calithera Biosciences, Inc. Price and Consensus | Calithera Biosciences, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 8.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>