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Increased Earnings Estimates Seen for Xencor (XNCR): Can It Move Higher?
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Xencor, Inc. (XNCR - 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, 2 estimates have gone higher for Xencor while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from a loss of 37 cents a share 30 days ago, to a loss of 25 cents per share today, a move of 48%.
Current Year Estimates for XNCR
Meanwhile, Xencor’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, rising from a loss of $1.53 per share 30 days ago to a loss of $1.02 per share today, an increase of 50%.
The stock has also started to move higher lately, adding 7.4% 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.
Zacks' Top 10 Stocks for 2017
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Increased Earnings Estimates Seen for Xencor (XNCR): Can It Move Higher?
Xencor, Inc. (XNCR - 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, 2 estimates have gone higher for Xencor while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from a loss of 37 cents a share 30 days ago, to a loss of 25 cents per share today, a move of 48%.
Current Year Estimates for XNCR
Meanwhile, Xencor’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, rising from a loss of $1.53 per share 30 days ago to a loss of $1.02 per share today, an increase of 50%.
Xencor, Inc. Price and Consensus
Xencor, Inc. Price and Consensus | Xencor, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 7.4% 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.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>