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Surging Earnings Estimates Signal Good News for Fate Therapeutics (FATE)
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Fate Therapeutics, Inc. (FATE - Free Report) is a clinical-stage 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 FATE’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 Fate Therapeutics could be a solid choice for investors.
Current Quarter Estimates for FATE
In the past 30 days, 4 estimates have gone higher for Fate Therapeutics while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from 23 cents a share 30 days ago, to 21 cents today, a move of 8.7%.
Current Year Estimates for FATE
Meanwhile, Fate Therapeutics’ current year figures are also looking quite promising, with 5 estimates 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 94 cents per share 30 days ago to 85 cents per share today, an increase of 9.5%.
The stock has also started to move higher lately, adding 18.7% 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 #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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Surging Earnings Estimates Signal Good News for Fate Therapeutics (FATE)
Fate Therapeutics, Inc. (FATE - Free Report) is a clinical-stage 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 FATE’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 Fate Therapeutics could be a solid choice for investors.
Current Quarter Estimates for FATE
In the past 30 days, 4 estimates have gone higher for Fate Therapeutics while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from 23 cents a share 30 days ago, to 21 cents today, a move of 8.7%.
Current Year Estimates for FATE
Meanwhile, Fate Therapeutics’ current year figures are also looking quite promising, with 5 estimates 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 94 cents per share 30 days ago to 85 cents per share today, an increase of 9.5%.
Fate Therapeutics, Inc. Price and Consensus
Fate Therapeutics, Inc. Price and Consensus | Fate Therapeutics, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 18.7% 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 #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>