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Verrica Pharmaceuticals (VRCA) Moves 7.4% Higher: Will This Strength Last?
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Verrica Pharmaceuticals Inc. (VRCA - Free Report) shares rallied 7.4% in the last trading session to close at $7.26. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.3% gain over the past four weeks.
The company’s Ycanth is the first FDA-approved product to treat pediatric and adult patients with molluscum contagiosum, a highly contagious viral skin infection. The company also has a promising set of pipeline candidates that are being developed for treating various dermatologic oncology conditions. This might have driven the share price rally.
This company is expected to post quarterly loss of $0.54 per share in its upcoming report, which represents a year-over-year change of -315.4%. Revenues are expected to be $2.7 million, up 6637.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Verrica Pharmaceuticals, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on VRCA going forward to see if this recent jump can turn into more strength down the road.
Verrica Pharmaceuticals is a member of the Zacks Medical - Drugs industry. One other stock in the same industry, Aquestive Therapeutics (AQST - Free Report) , finished the last trading session 7.3% higher at $3.52. AQST has returned -21.2% over the past month.
For Aquestive Therapeutics, the consensus EPS estimate for the upcoming report has changed +3.2% over the past month to -$0.09. This represents a change of -181.8% from what the company reported a year ago. Aquestive Therapeutics currently has a Zacks Rank of #3 (Hold).
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Verrica Pharmaceuticals (VRCA) Moves 7.4% Higher: Will This Strength Last?
Verrica Pharmaceuticals Inc. (VRCA - Free Report) shares rallied 7.4% in the last trading session to close at $7.26. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.3% gain over the past four weeks.
The company’s Ycanth is the first FDA-approved product to treat pediatric and adult patients with molluscum contagiosum, a highly contagious viral skin infection. The company also has a promising set of pipeline candidates that are being developed for treating various dermatologic oncology conditions. This might have driven the share price rally.
This company is expected to post quarterly loss of $0.54 per share in its upcoming report, which represents a year-over-year change of -315.4%. Revenues are expected to be $2.7 million, up 6637.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Verrica Pharmaceuticals, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on VRCA going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Verrica Pharmaceuticals is a member of the Zacks Medical - Drugs industry. One other stock in the same industry, Aquestive Therapeutics (AQST - Free Report) , finished the last trading session 7.3% higher at $3.52. AQST has returned -21.2% over the past month.
For Aquestive Therapeutics, the consensus EPS estimate for the upcoming report has changed +3.2% over the past month to -$0.09. This represents a change of -181.8% from what the company reported a year ago. Aquestive Therapeutics currently has a Zacks Rank of #3 (Hold).