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3 Reasons Why Lantheus Holdings (LNTH) is a Great Momentum Stock
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Many investors like to look for momentum in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for momentum investors in the near term.
This method discovered several great candidates for momentum-oriented investors, but today let’s focus in on Lantheus Holdings, Inc. (LNTH - Free Report) as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for LNTH’s status as a solid momentum stock below:
Longer Term Price Change for Lantheus Holdings
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. That is why looking at longer term price metrics—such as performance over the past three months or year-- and comparing these to an industry at large can be very useful.
And in the case of LNTH, the results are quite impressive. The company has beaten out the industry at large over the past 12 weeks by a margin of 35.3% to 0.00% while it has also outperformed when looking at the past year, putting up a gain of 644.3%. Clearly, LNTH is riding a bit of a hot streak and is worth a closer look by investors.
Quarter EPS Estimate Change for Lantheus Holdings Stock
While looking at price performance or full year earnings can be essential to understanding a momentum stock, you shouldn’t forget about the current quarter EPS and the trend in estimates there. This change can signal how a stock might perform in the next earnings season which is obviously vital for momentum investors.
Right now, LNTH is seeing a nice trend over the past month when it comes to this quarter’s earnings estimate projections. In the time frame, EPS estimates for Lantheus Holdings have gone up by 17.07% compared to an industry average move of -0.83%, suggesting that not only is LNTH heading in the right direction, but it is seeing an increase relative to the industry too.
LNTH Earnings Estimate Revisions Moving in the Right Direction
While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. A nice path here can really help to show us a promising stock, and we have actually been seeing that with LNTH as of late too.
Over the past two months, two earnings estimates have gone higher compared to none lower for the full year, while we are also seeing that two estimates have moved upwards with no downward revision for the next year time frame too. These revisions have helped to boost the consensus estimate as two months ago LNTH was expected to post earnings of 81 cents/share for the full year, though today it looks to have EPS of 93 cents for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors.
Bottom Line
Given these factors, investors shouldn’t be surprised to note that we have LNTH as a security with a Zacks Rank #1 (Strong Buy) and a Momentum Score of ‘A’. You can see the complete list of today’s Zacks #1 Rank stocks here.
So if you are looking for a fresh pick that has potential to move in the right direction, definitely keep LNTH on your short list as this looks be a stock that is very well-positioned to soar in the near term.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
Image: Bigstock
3 Reasons Why Lantheus Holdings (LNTH) is a Great Momentum Stock
Many investors like to look for momentum in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for momentum investors in the near term.
This method discovered several great candidates for momentum-oriented investors, but today let’s focus in on Lantheus Holdings, Inc. (LNTH - Free Report) as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for LNTH’s status as a solid momentum stock below:
Longer Term Price Change for Lantheus Holdings
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. That is why looking at longer term price metrics—such as performance over the past three months or year-- and comparing these to an industry at large can be very useful.
And in the case of LNTH, the results are quite impressive. The company has beaten out the industry at large over the past 12 weeks by a margin of 35.3% to 0.00% while it has also outperformed when looking at the past year, putting up a gain of 644.3%. Clearly, LNTH is riding a bit of a hot streak and is worth a closer look by investors.
Lantheus Holdings, Inc. Price
Lantheus Holdings, Inc. Price | Lantheus Holdings, Inc. Quote
Quarter EPS Estimate Change for Lantheus Holdings Stock
While looking at price performance or full year earnings can be essential to understanding a momentum stock, you shouldn’t forget about the current quarter EPS and the trend in estimates there. This change can signal how a stock might perform in the next earnings season which is obviously vital for momentum investors.
Right now, LNTH is seeing a nice trend over the past month when it comes to this quarter’s earnings estimate projections. In the time frame, EPS estimates for Lantheus Holdings have gone up by 17.07% compared to an industry average move of -0.83%, suggesting that not only is LNTH heading in the right direction, but it is seeing an increase relative to the industry too.
LNTH Earnings Estimate Revisions Moving in the Right Direction
While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. A nice path here can really help to show us a promising stock, and we have actually been seeing that with LNTH as of late too.
Over the past two months, two earnings estimates have gone higher compared to none lower for the full year, while we are also seeing that two estimates have moved upwards with no downward revision for the next year time frame too. These revisions have helped to boost the consensus estimate as two months ago LNTH was expected to post earnings of 81 cents/share for the full year, though today it looks to have EPS of 93 cents for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors.
Bottom Line
Given these factors, investors shouldn’t be surprised to note that we have LNTH as a security with a Zacks Rank #1 (Strong Buy) and a Momentum Score of ‘A’. You can see the complete list of today’s Zacks #1 Rank stocks here.
So if you are looking for a fresh pick that has potential to move in the right direction, definitely keep LNTH on your short list as this looks be a stock that is very well-positioned to soar in the near term.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>