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uniQure (QURE) Moves 5% Higher: Will This Strength Last?

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uniQure (QURE - Free Report) shares ended the last trading session 5% higher at $17.96. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.2% gain over the past four weeks.

Last month, the company reported robust financial results for the year ended 2021. This might have been driving the share price rally.

 

This human gene therapy company is expected to post quarterly loss of $0.61 per share in its upcoming report, which represents a year-over-year change of +33%. Revenues are expected to be $41.23 million, up 9062.2% 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 uniQure, the consensus EPS estimate for the quarter has been revised 1079.5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on QURE 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 >>>>

uniQure is part of the Zacks Medical - Biomedical and Genetics industry. Nabriva Therapeutics AG (NBRV - Free Report) , another stock in the same industry, closed the last trading session 4.4% higher at $0.44. NBRV has returned -15.5% in the past month.

Nabriva Therapeutics AG's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.19. Compared to the company's year-ago EPS, this represents a change of +82.9%. Nabriva Therapeutics AG currently boasts a Zacks Rank of #3 (Hold).


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