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Why Is Editas (EDIT) Down 37.1% Since Last Earnings Report?
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A month has gone by since the last earnings report for Editas Medicine (EDIT - Free Report) . Shares have lost about 37.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Editas due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its 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 upward during the past month.
The consensus estimate has shifted 16.77% due to these changes.
VGM Scores
Currently, Editas has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. 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. Notably, Editas has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Editas is part of the Zacks Medical - Biomedical and Genetics industry. Over the past month, Pacira (PCRX - Free Report) , a stock from the same industry, has gained 1.8%. The company reported its results for the quarter ended December 2024 more than a month ago.
Pacira reported revenues of $187.25 million in the last reported quarter, representing a year-over-year change of +3.3%. EPS of $0.91 for the same period compares with $0.89 a year ago.
Pacira is expected to post earnings of $0.61 per share for the current quarter, representing a year-over-year change of -1.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -5%.
Pacira has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
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Why Is Editas (EDIT) Down 37.1% Since Last Earnings Report?
A month has gone by since the last earnings report for Editas Medicine (EDIT - Free Report) . Shares have lost about 37.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Editas due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its 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 upward during the past month.
The consensus estimate has shifted 16.77% due to these changes.
VGM Scores
Currently, Editas has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. 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. Notably, Editas has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Editas is part of the Zacks Medical - Biomedical and Genetics industry. Over the past month, Pacira (PCRX - Free Report) , a stock from the same industry, has gained 1.8%. The company reported its results for the quarter ended December 2024 more than a month ago.
Pacira reported revenues of $187.25 million in the last reported quarter, representing a year-over-year change of +3.3%. EPS of $0.91 for the same period compares with $0.89 a year ago.
Pacira is expected to post earnings of $0.61 per share for the current quarter, representing a year-over-year change of -1.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -5%.
Pacira has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.