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Virgin Galactic (SPCE) Stock Sinks As Market Gains: What You Should Know
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Virgin Galactic (SPCE - Free Report) closed at $54.34 in the latest trading session, marking a -0.69% move from the prior day. This change lagged the S&P 500's daily gain of 0.39%. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 0.57%.
Heading into today, shares of the company had gained 117.75% over the past month, outpacing the Aerospace sector's gain of 4.51% and the S&P 500's gain of 4.69% in that time.
Investors will be hoping for strength from SPCE as it approaches its next earnings release, which is expected to be February 25, 2021. In that report, analysts expect SPCE to post earnings of -$0.31 per share. This would mark year-over-year growth of 16.22%.
Investors might also notice recent changes to analyst estimates for SPCE. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 14.29% higher within the past month. SPCE currently has a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Virgin Galactic (SPCE) Stock Sinks As Market Gains: What You Should Know
Virgin Galactic (SPCE - Free Report) closed at $54.34 in the latest trading session, marking a -0.69% move from the prior day. This change lagged the S&P 500's daily gain of 0.39%. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 0.57%.
Heading into today, shares of the company had gained 117.75% over the past month, outpacing the Aerospace sector's gain of 4.51% and the S&P 500's gain of 4.69% in that time.
Investors will be hoping for strength from SPCE as it approaches its next earnings release, which is expected to be February 25, 2021. In that report, analysts expect SPCE to post earnings of -$0.31 per share. This would mark year-over-year growth of 16.22%.
Investors might also notice recent changes to analyst estimates for SPCE. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 14.29% higher within the past month. SPCE currently has a Zacks Rank of #3 (Hold).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.