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Surging Earnings Estimates Signal Good News for Corbus Pharmaceuticals (CRBP)

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Corbus Pharmaceuticals Holdings, Inc. (CRBP - Free Report) is a clinical stage biopharmaceutical company which 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 CRBP’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 Corbus could be a solid choice for investors.

Current Quarter Estimates for CRBP

In the past 30 days, one estimate has gone higher for Corbuswhile none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 21 cents a share 30 days ago, to a loss of 17 cents today, a move of 19.1%.

Current Year Estimates for CRBP

Meanwhile, Corbus’s current year figures are also looking quite promising, with twoestimates 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 74 cents per share 30 days ago to a loss of 63 cents per share today, an increase of 14.9%.

Corbus Pharmaceuticals Holdings, Inc. Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 27.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may 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

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