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Surging Earnings Estimates Signal Good News for Enzo Biochem (ENZ)
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Enzo Biochem, Inc. (ENZ - Free Report) is a manufacturer of health care products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ENZ’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Enzo Biochem could be a solid choice for investors.
Current Quarter Estimates for ENZ
In the past 30 days, one estimate has gone higher for Enzo Biochem while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 3 cents a share 30 days ago, to a loss of 2 cents today, a move of 33.3%.
Current Year Estimates for ENZ
Meanwhile, Enzo Biochem’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 12 cents per share 30 days ago to a loss of 7 cents per share today, an increase of 41.7%.
The stock has also started to move higher lately, adding 19.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more.
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Surging Earnings Estimates Signal Good News for Enzo Biochem (ENZ)
Enzo Biochem, Inc. (ENZ - Free Report) is a manufacturer of health care products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ENZ’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Enzo Biochem could be a solid choice for investors.
Current Quarter Estimates for ENZ
In the past 30 days, one estimate has gone higher for Enzo Biochem while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 3 cents a share 30 days ago, to a loss of 2 cents today, a move of 33.3%.
Current Year Estimates for ENZ
Meanwhile, Enzo Biochem’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 12 cents per share 30 days ago to a loss of 7 cents per share today, an increase of 41.7%.
Enzo Biochem, Inc. Price and Consensus
Enzo Biochem, Inc. Price and Consensus | Enzo Biochem, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 19.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more.
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