We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Surging Earnings Estimates Signal Good News for Exact Sciences Corporation (EXAS)
Read MoreHide Full Article
Exact Sciences Corporation (EXAS - Free Report) is a molecular diagnostics company, focusing on developing products for the early detection and prevention of various cancers 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 EXAS’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 Exact Sciences could be a solid choice for investors.
Current Quarter Estimates for EXAS
In the past 30 days, one estimate has gone higher for Exact Sciences while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 32 cents a share 30 days ago, to a loss of 31 cents today, a move of 3.2%.
Current Year Estimates for EXAS
Meanwhile, Exact Science’s current year figures are also looking quite promising, with two estimates 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 $1.22 per share 30 days ago to a loss of $1.19 per share today, an increase of 2.5%.
The stock has also started to move higher lately, adding 8.3% 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.
Zacks' 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
Image: Bigstock
Surging Earnings Estimates Signal Good News for Exact Sciences Corporation (EXAS)
Exact Sciences Corporation (EXAS - Free Report) is a molecular diagnostics company, focusing on developing products for the early detection and prevention of various cancers 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 EXAS’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 Exact Sciences could be a solid choice for investors.
Current Quarter Estimates for EXAS
In the past 30 days, one estimate has gone higher for Exact Sciences while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 32 cents a share 30 days ago, to a loss of 31 cents today, a move of 3.2%.
Current Year Estimates for EXAS
Meanwhile, Exact Science’s current year figures are also looking quite promising, with two estimates 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 $1.22 per share 30 days ago to a loss of $1.19 per share today, an increase of 2.5%.
Exact Sciences Corporation Price and Consensus
Exact Sciences Corporation Price and Consensus | Exact Sciences Corporation Quote
Bottom Line
The stock has also started to move higher lately, adding 8.3% 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.
Zacks' 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
Learn the secret >>