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FULGENT GENETIC (FLGT) Gains As Market Dips: What You Should Know
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In the latest trading session, FULGENT GENETIC (FLGT - Free Report) closed at $88.95, marking a +1.37% move from the previous day. This move outpaced the S&P 500's daily loss of 0.41%.
Prior to today's trading, shares of the company had lost 19.76% over the past month. This has lagged the Medical sector's loss of 3.28% and the S&P 500's gain of 5.07% in that time.
Investors will be hoping for strength from FLGT as it approaches its next earnings release. The company is expected to report EPS of $5.99, up 20066.67% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $317.11 million, up 3991.68% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.52 per share and revenue of $776.56 million, which would represent changes of +37.58% and +84.14%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for FLGT. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FLGT is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, FLGT is holding a Forward P/E ratio of 7.01. Its industry sports an average Forward P/E of 20.52, so we one might conclude that FLGT is trading at a discount comparatively.
The Medical Info Systems industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 233, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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FULGENT GENETIC (FLGT) Gains As Market Dips: What You Should Know
In the latest trading session, FULGENT GENETIC (FLGT - Free Report) closed at $88.95, marking a +1.37% move from the previous day. This move outpaced the S&P 500's daily loss of 0.41%.
Prior to today's trading, shares of the company had lost 19.76% over the past month. This has lagged the Medical sector's loss of 3.28% and the S&P 500's gain of 5.07% in that time.
Investors will be hoping for strength from FLGT as it approaches its next earnings release. The company is expected to report EPS of $5.99, up 20066.67% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $317.11 million, up 3991.68% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.52 per share and revenue of $776.56 million, which would represent changes of +37.58% and +84.14%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for FLGT. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FLGT is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, FLGT is holding a Forward P/E ratio of 7.01. Its industry sports an average Forward P/E of 20.52, so we one might conclude that FLGT is trading at a discount comparatively.
The Medical Info Systems industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 233, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.