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GSK (GSK) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, GSK (GSK - Free Report) closed at $34.58, marking a +0.93% move from the previous day. This move outpaced the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq lost 0.98%.
Coming into today, shares of the drug developer had lost 3.47% in the past month. In that same time, the Medical sector lost 4.24%, while the S&P 500 lost 3.91%.
GSK will be looking to display strength as it nears its next earnings release. On that day, GSK is projected to report earnings of $0.85 per share, which would represent a year-over-year decline of 22.73%. Meanwhile, our latest consensus estimate is calling for revenue of $8.55 billion, down 34.8% from the prior-year quarter.
GSK's full-year Zacks Consensus Estimates are calling for earnings of $3.50 per share and revenue of $35.81 billion. These results would represent year-over-year changes of +1.16% and -9.81%, respectively.
Any recent changes to analyst estimates for GSK should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection has moved 2.03% higher. GSK is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, GSK currently has a Forward P/E ratio of 9.79. For comparison, its industry has an average Forward P/E of 18.87, which means GSK is trading at a discount to the group.
Investors should also note that GSK has a PEG ratio of 1.73 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Medical - Biomedical and Genetics industry currently had an average PEG ratio of 1.69 as of yesterday's close.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% 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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GSK (GSK) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, GSK (GSK - Free Report) closed at $34.58, marking a +0.93% move from the previous day. This move outpaced the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq lost 0.98%.
Coming into today, shares of the drug developer had lost 3.47% in the past month. In that same time, the Medical sector lost 4.24%, while the S&P 500 lost 3.91%.
GSK will be looking to display strength as it nears its next earnings release. On that day, GSK is projected to report earnings of $0.85 per share, which would represent a year-over-year decline of 22.73%. Meanwhile, our latest consensus estimate is calling for revenue of $8.55 billion, down 34.8% from the prior-year quarter.
GSK's full-year Zacks Consensus Estimates are calling for earnings of $3.50 per share and revenue of $35.81 billion. These results would represent year-over-year changes of +1.16% and -9.81%, respectively.
Any recent changes to analyst estimates for GSK should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection has moved 2.03% higher. GSK is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, GSK currently has a Forward P/E ratio of 9.79. For comparison, its industry has an average Forward P/E of 18.87, which means GSK is trading at a discount to the group.
Investors should also note that GSK has a PEG ratio of 1.73 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Medical - Biomedical and Genetics industry currently had an average PEG ratio of 1.69 as of yesterday's close.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% 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.