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Hims & Hers Health (HIMS) Soars 11.1%: Is Further Upside Left in the Stock?
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Hims & Hers Health, Inc. (HIMS - Free Report) shares soared 11.1% in the last trading session to close at $26.99. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.9% gain over the past four weeks.
Hims & Hers Health scored a strong price increase on investors’ optimism, after the FDA announced it has called on its Pharmacy Compounding Advisory Committee to discuss the compounding eligibility of a dozen peptide drugs, which are used to treat opioid use disorder, wound healing, insomnia, and ulcerative colitis. Last year, the company acquired a California-based peptide facility, aiming to strengthen the durability of its domestic supply chain amid rising U.S. demand for personalized healthcare and treatment options.
This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -70%. Revenues are expected to be $621.4 million, up 6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Hims & Hers Health, 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 HIMS going forward to see if this recent jump can turn into more strength down the road.
Hims & Hers Health is a member of the Zacks Medical Info Systems industry. One other stock in the same industry, Pulmonx Corporation (LUNG - Free Report) , finished the last trading session 2.7% lower at $1.46. LUNG has returned 1.4% over the past month.
For Pulmonx, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.33. This represents a change of +8.3% from what the company reported a year ago. Pulmonx currently has a Zacks Rank of #2 (Buy).
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Hims & Hers Health (HIMS) Soars 11.1%: Is Further Upside Left in the Stock?
Hims & Hers Health, Inc. (HIMS - Free Report) shares soared 11.1% in the last trading session to close at $26.99. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.9% gain over the past four weeks.
Hims & Hers Health scored a strong price increase on investors’ optimism, after the FDA announced it has called on its Pharmacy Compounding Advisory Committee to discuss the compounding eligibility of a dozen peptide drugs, which are used to treat opioid use disorder, wound healing, insomnia, and ulcerative colitis. Last year, the company acquired a California-based peptide facility, aiming to strengthen the durability of its domestic supply chain amid rising U.S. demand for personalized healthcare and treatment options.
This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -70%. Revenues are expected to be $621.4 million, up 6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Hims & Hers Health, 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 HIMS 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 >>>>
Hims & Hers Health is a member of the Zacks Medical Info Systems industry. One other stock in the same industry, Pulmonx Corporation (LUNG - Free Report) , finished the last trading session 2.7% lower at $1.46. LUNG has returned 1.4% over the past month.
For Pulmonx, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.33. This represents a change of +8.3% from what the company reported a year ago. Pulmonx currently has a Zacks Rank of #2 (Buy).