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CVS Health Corporation (CVS) - free report >>
Charles River Laboratories International, Inc. (CRL) - free report >>
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Charles River (CRL) Up 1.9% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for Charles River Laboratories (CRL - Free Report) . Shares have added about 1.9% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Charles River due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
The consensus estimate has shifted -14.05% due to these changes.
VGM Scores
At this time, Charles River has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Charles River has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
Performance of an Industry Player
Charles River belongs to the Zacks Medical Services industry. Another stock from the same industry, CVS Health (CVS - Free Report) , has gained 5.5% over the past month. More than a month has passed since the company reported results for the quarter ended December 2024.
CVS Health reported revenues of $97.71 billion in the last reported quarter, representing a year-over-year change of +4.2%. EPS of $1.19 for the same period compares with $2.12 a year ago.
CVS Health is expected to post earnings of $1.62 per share for the current quarter, representing a year-over-year change of +23.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +4.2%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for CVS Health. Also, the stock has a VGM Score of D.