Back to top

Can Galena Biopharma (GALE) Keep the Earnings Streak Alive This Quarter?

Read MoreHide Full Article
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Galena Biopharma, Inc. , a firm in the Medicine-Biomedicine/Genetic industry, which could be a great candidate for another beat.
 
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, GALE has beaten estimates by at least 15% in both cases, suggesting it has a nice short-term history of crushing expectations.
 
Earnings in Focus
 
Two quarters ago, GALE expected to incur a loss of 13 cents per share, while it actually incurred a loss of 11 cents per share, a beat of 15.4%. Meanwhile, for the most recent quarter, the company looked to incur loss of 12 cents per share, when it actually saw incurred a loss of 9 cents per share instead, representing a 25% positive surprise.
 
Thanks in part to this history, recent estimates have been moving higher for Galena Biopharma. In fact, the Earnings ESP for GALE is positive, which is a great sign of a coming beat.
 
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for GALE, as the firm currently has a Zacks Earnings ESP of 11.11%, so another beat could be around the corner.
 
This is particularly true when you consider that GALE has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that GALE could see another beat at its next report, especially if recent trends are any guide.
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



Normally $25 each - click below to receive one report FREE:


More from Zacks Tale of the Tape

You May Like