Enanta Pharmaceuticals, Inc. ((ENTA Quick QuoteENTA - Free Report) , a research and development-focused biotechnology company, 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 ENTA’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 Enanta Pharma could be a solid choice for investors.

Current Quarter Estimates for ENTA

In the past 30 days, 1 estimate have gone higher for Enanta Pharma while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 19 cents a share 30 days ago, to a loss of 14 cents today, a move of 26.3%.

Current Year Estimates for ENTA

Meanwhile, Enanta Pharma’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 43 cents per share 30 days ago to a loss of 8 cents per share today, a significant move.

Bottom Line

The stock has also started to move higher lately, adding 36.8% 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.

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