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Veracyte (VCYT) Up 0.7% Since Last Earnings Report: Can It Continue?
It has been about a month since the last earnings report for Veracyte (VCYT - Free Report) . Shares have added about 0.7% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Veracyte 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, estimates revision have trended upward during the past month.
VGM Scores
At this time, Veracyte has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% 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 trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Veracyte has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry Player
Veracyte is part of the Zacks Medical - Instruments industry. Over the past month, Penumbra (PEN - Free Report) , a stock from the same industry, has gained 0.6%. The company reported its results for the quarter ended December 2024 more than a month ago.
Penumbra reported revenues of $315.52 million in the last reported quarter, representing a year-over-year change of +10.8%. EPS of $0.97 for the same period compares with $0.76 a year ago.
For the current quarter, Penumbra is expected to post earnings of $0.67 per share, indicating a change of +63.4% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.1% over the last 30 days.
Penumbra has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.