Pacific Biosciences of California (PACB Quick QuotePACB - Free Report) ended the recent trading session at $1.22, demonstrating a +1.67% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 2.13%. Meanwhile, the Dow experienced a rise of 1.65%, and the technology-dominated Nasdaq saw an increase of 2.61%.

Shares of the maker of genetic analysis technology witnessed a loss of 18.92% over the previous month, trailing the performance of the Medical sector with its loss of 2.78% and the S&P 500's loss of 9.57%.

The upcoming earnings release of Pacific Biosciences of California will be of great interest to investors. The company's upcoming EPS is projected at -$0.19, signifying a 26.92% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $34.1 million, indicating a 12.13% decline compared to the corresponding quarter of the prior year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.70 per share and a revenue of $159.96 million, signifying shifts of +15.66% and +3.86%, respectively, from the last year.

Investors should also note any recent changes to analyst estimates for Pacific Biosciences of California. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.2% lower within the past month. Right now, Pacific Biosciences of California possesses a Zacks Rank of #3 (Hold).

The Medical - Instruments industry is part of the Medical sector. With its current Zacks Industry Rank of 81, this industry ranks in the top 33% of all industries, numbering over 250.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.