Xencor, Inc. (XNCR Quick QuoteXNCR - Free Report) is a clinical-stage biopharmaceutical company 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 XNCR’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 Xencor could be a solid choice for investors.

Current Quarter Estimates for XNCR

In the past 30 days, 1 estimate has gone higher for Xencor while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 28 cents a share 30 days ago, to a loss of 23 cents today, a move of 17.9%.

Current Year Estimates for XNCR

Meanwhile, Xencor’s current year figures are also looking quite promising, with 2 estimates 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 91 cents per share 30 days ago to a loss of 51 cents per share today, a decrease of 44%.

Bottom Line

The stock has also started to move higher lately, adding 30.1% 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.

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