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Tale of the Tape

Zacks Equity Research

Why Vanda Pharmaceuticals (VNDA) Could Be Positioned for a Surge
October 19, 2016

VNDA

Trades from $3

Vanda Pharmaceuticals, Inc. (VNDA - Free Report) is a biopharmaceutical company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on VNDA’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Vanda Pharmaceuticals could be a solid choice for investors.

Current Quarter Estimates for VNDA

In the past 30 days, 1 estimate has gone higher for Vanda Pharmaceuticals while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 15 cents a share 30 days ago, to a loss of 10 cents today, a move of 33.3%.

Current Year Estimates for VNDA

Meanwhile, Vanda Pharmaceuticals’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 68 cents per share 30 days ago to a loss of 62 cents per share today, an increase of 8.8%.

VANDA PHARMACT Price and Consensus

 

VANDA PHARMACT Price and Consensus | VANDA PHARMACT Quote

Bottom Line

The stock has also started to move higher lately, adding 5.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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