Denali Therapeutics Inc. (DNLI - Free Report) shares rallied 7.5% in the last trading session to close at $35.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.3% loss over the past four weeks.
Shares gained as investors are impressed by the company’s progress with its pipeline candidates. Denali possesses a notable portfolio of targeted therapeutic candidates for neurodegenerative diseases which promise potential.
This company is expected to post quarterly loss of $0.45 per share in its upcoming report, which represents a year-over-year change of +22.4%. Revenues are expected to be $26.05 million, up 228.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Denali Therapeutics Inc., the consensus EPS estimate for the quarter has been revised 23.7% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on DNLI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Denali Therapeutics Inc. is part of the Zacks Medical - Biomedical and Genetics industry. Intercept Pharmaceuticals , another stock in the same industry, closed the last trading session 1.9% higher at $16.58. ICPT has returned 5.3% in the past month.
Intercept's consensus EPS estimate for the upcoming report has changed +8.1% over the past month to -$0.89. Compared to the company's year-ago EPS, this represents a change of +27.1%. Intercept currently boasts a Zacks Rank of #3 (Hold).
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Denali Therapeutics Inc. (DNLI - Free Report) shares rallied 7.5% in the last trading session to close at $35.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.3% loss over the past four weeks.
Shares gained as investors are impressed by the company’s progress with its pipeline candidates. Denali possesses a notable portfolio of targeted therapeutic candidates for neurodegenerative diseases which promise potential.
This company is expected to post quarterly loss of $0.45 per share in its upcoming report, which represents a year-over-year change of +22.4%. Revenues are expected to be $26.05 million, up 228.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Denali Therapeutics Inc., the consensus EPS estimate for the quarter has been revised 23.7% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on DNLI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Denali Therapeutics Inc. is part of the Zacks Medical - Biomedical and Genetics industry. Intercept Pharmaceuticals , another stock in the same industry, closed the last trading session 1.9% higher at $16.58. ICPT has returned 5.3% in the past month.
Intercept's consensus EPS estimate for the upcoming report has changed +8.1% over the past month to -$0.89. Compared to the company's year-ago EPS, this represents a change of +27.1%. Intercept currently boasts a Zacks Rank of #3 (Hold).
Buy 5 Stocks BEFORE Election Day
Biden or Trump? Zacks is releasing a FREE Special Report, Profit from the 2024 Presidential Election (no matter who wins).
Since 1950, presidential election years have been strong for the market. This report names 5 timely stocks to ride the wave of electoral excitement.
They include a medical manufacturer that gained +11,000% in the last 15 years… a rental company absolutely crushing its sector… an energy powerhouse planning to grow its already large dividend by 25%... an aerospace and defense standout that just landed a potentially $80 billion contract… and a giant chipmaker building huge plants in the U.S.
Don’t Wait. Download FREE >>
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