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Bavarian Nordic (BVNRY) Soars 7.1%: Is Further Upside Left in the Stock?
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Bavarian Nordic (BVNRY - Free Report) shares ended the last trading session 7.1% higher at $11.52. 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 7.9% gain over the past four weeks.
Share price rose after the company announced that it has signed multiple contracts with different countries for the supply of its monkeypox vaccine. Based on these supply contracts, the company has upgraded its financial guidance for 2022.
This company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of -23.1%. Revenues are expected to be $74.87 million, up 24.9% 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 Bavarian Nordic, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BVNRY going forward to see if this recent jump can turn into more strength down the road.
Bavarian Nordic belongs to the Zacks Medical - Biomedical and Genetics industry. Another stock from the same industry, Codiak BioSciences, Inc. , closed the last trading session 1.4% lower at $2.78. Over the past month, CDAK has returned -0.4%.
For Codiak BioSciences, Inc., the consensus EPS estimate for the upcoming report has changed +1.1% over the past month to -$0.78. This represents a change of +21.2% from what the company reported a year ago. Codiak BioSciences, Inc. currently has a Zacks Rank of #3 (Hold).
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Bavarian Nordic (BVNRY) Soars 7.1%: Is Further Upside Left in the Stock?
Bavarian Nordic (BVNRY - Free Report) shares ended the last trading session 7.1% higher at $11.52. 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 7.9% gain over the past four weeks.
Share price rose after the company announced that it has signed multiple contracts with different countries for the supply of its monkeypox vaccine. Based on these supply contracts, the company has upgraded its financial guidance for 2022.
This company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of -23.1%. Revenues are expected to be $74.87 million, up 24.9% 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 Bavarian Nordic, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BVNRY 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 >>>>
Bavarian Nordic belongs to the Zacks Medical - Biomedical and Genetics industry. Another stock from the same industry, Codiak BioSciences, Inc. , closed the last trading session 1.4% lower at $2.78. Over the past month, CDAK has returned -0.4%.
For Codiak BioSciences, Inc., the consensus EPS estimate for the upcoming report has changed +1.1% over the past month to -$0.78. This represents a change of +21.2% from what the company reported a year ago. Codiak BioSciences, Inc. currently has a Zacks Rank of #3 (Hold).