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Strength Seen in Cutera (CUTR): Can Its 12.5% Jump Turn into More Strength?
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Cutera (CUTR - Free Report) shares rallied 12.5% in the last trading session to close at $32.44. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 37.3% loss over the past four weeks.
The upswing can be attributed to Cutera's growing prospects. Cutera benefits from substantial Skincare revenues. Consumables sales growth remains strong, driven by the continued recovery of energy-based treatment volumes.
This maker of laser skin treatments is expected to post quarterly loss of $0.34 per share in its upcoming report, which represents a year-over-year change of -361.5%. Revenues are expected to be $72.35 million, up 10.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Cutera, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CUTR going forward to see if this recent jump can turn into more strength down the road.
Cutera is a member of the Zacks Lasers Systems and Components industry. One other stock in the same industry, Lumentum (LITE - Free Report) , finished the last trading session 0.6% higher at $57.58. LITE has returned 8.7% over the past month.
For Lumentum, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.32. This represents a change of -17.5% from what the company reported a year ago. Lumentum currently has a Zacks Rank of #3 (Hold).
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Strength Seen in Cutera (CUTR): Can Its 12.5% Jump Turn into More Strength?
Cutera (CUTR - Free Report) shares rallied 12.5% in the last trading session to close at $32.44. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 37.3% loss over the past four weeks.
The upswing can be attributed to Cutera's growing prospects. Cutera benefits from substantial Skincare revenues. Consumables sales growth remains strong, driven by the continued recovery of energy-based treatment volumes.
This maker of laser skin treatments is expected to post quarterly loss of $0.34 per share in its upcoming report, which represents a year-over-year change of -361.5%. Revenues are expected to be $72.35 million, up 10.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Cutera, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CUTR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Cutera is a member of the Zacks Lasers Systems and Components industry. One other stock in the same industry, Lumentum (LITE - Free Report) , finished the last trading session 0.6% higher at $57.58. LITE has returned 8.7% over the past month.
For Lumentum, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.32. This represents a change of -17.5% from what the company reported a year ago. Lumentum currently has a Zacks Rank of #3 (Hold).