Back to top

Increased Earnings Estimates Seen for BioTime (BTX): Can It Move Higher?
November 29, 2016

Read MoreHide Full Article

BioTime, Inc. (BTX - Free Report) is a clinical-stage biotechnology 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 BTX’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 BioTime could be a solid choice for investors.

Current Quarter Estimates for BTX

In the past 30 days, 1 estimate has gone higher for BioTime while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates with estimates narrowing from a loss of 22 cents a share 30 days ago, to a loss of 18 cents today, a move of 18.2 %.

Current Year Estimates for BTX

Meanwhile, BioTime’s 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 72 cents per share 30 days ago to a loss of 55 cents per share today, an increase of 23.6%.

BIOTIME INC Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 8.7% 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 #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Best Place to Start Your Stock Search

Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>

In-Depth Zacks Research for the Tickers Above

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

BioTime, Inc. (BTX) - free report >>

More from Zacks Tale of the Tape

You May Like