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Why Enanta Pharmaceuticals (ENTA) Could Shock the Market Soon
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It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.
One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Enanta Pharmaceuticals, Inc. (ENTA - Free Report) . This Medical - Drugs stock has actually seen estimates rise over the past month for the current fiscal year by about 27.4%. But that is not yet reflected in its price, as the stock gained only 2.6% over the same time frame.
You should not be concerned about the price remaining muted going forward. This year’s significant earnings growth expectation over the prior year should ultimately translate into price appreciation.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Enanta Pharmaceuticals. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for ENTA and that now might be an interesting buying opportunity.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Why Enanta Pharmaceuticals (ENTA) Could Shock the Market Soon
It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.
One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Enanta Pharmaceuticals, Inc. (ENTA - Free Report) . This Medical - Drugs stock has actually seen estimates rise over the past month for the current fiscal year by about 27.4%. But that is not yet reflected in its price, as the stock gained only 2.6% over the same time frame.
Enanta Pharmaceuticals, Inc. Price and Consensus
Enanta Pharmaceuticals, Inc. Price and Consensus | Enanta Pharmaceuticals, Inc. Quote
You should not be concerned about the price remaining muted going forward. This year’s significant earnings growth expectation over the prior year should ultimately translate into price appreciation.
And if this isn’t enough, ENTA currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Enanta Pharmaceuticals. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for ENTA and that now might be an interesting buying opportunity.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>