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Zymeworks Inc. (ZYME) Gains As Market Dips: What You Should Know
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Zymeworks Inc. (ZYME - Free Report) closed at $9.41 in the latest trading session, marking a +0.11% move from the prior day. This change outpaced the S&P 500's 0.25% loss on the day. Meanwhile, the Dow gained 0.24%, and the Nasdaq, a tech-heavy index, lost 1.88%.
Coming into today, shares of the company had gained 18.09% in the past month. In that same time, the Medical sector gained 0.24%, while the S&P 500 gained 1.48%.
Wall Street will be looking for positivity from Zymeworks Inc. as it approaches its next earnings report date. The company is expected to report EPS of -$0.58, up 51.26% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.58 million, up 398.8% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.03 per share and revenue of $46.43 million. These totals would mark changes of -206.84% and -88.74%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Zymeworks Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 44.13% lower. Zymeworks Inc. currently has a Zacks Rank of #3 (Hold).
The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 33% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Zymeworks Inc. (ZYME) Gains As Market Dips: What You Should Know
Zymeworks Inc. (ZYME - Free Report) closed at $9.41 in the latest trading session, marking a +0.11% move from the prior day. This change outpaced the S&P 500's 0.25% loss on the day. Meanwhile, the Dow gained 0.24%, and the Nasdaq, a tech-heavy index, lost 1.88%.
Coming into today, shares of the company had gained 18.09% in the past month. In that same time, the Medical sector gained 0.24%, while the S&P 500 gained 1.48%.
Wall Street will be looking for positivity from Zymeworks Inc. as it approaches its next earnings report date. The company is expected to report EPS of -$0.58, up 51.26% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.58 million, up 398.8% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.03 per share and revenue of $46.43 million. These totals would mark changes of -206.84% and -88.74%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Zymeworks Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 44.13% lower. Zymeworks Inc. currently has a Zacks Rank of #3 (Hold).
The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 33% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.