We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Arcus Biosciences (RCUS) Moves 7.8% Higher: Will This Strength Last?
Read MoreHide Full Article
Arcus Biosciences, Inc. (RCUS - Free Report) shares ended the last trading session 7.8% higher at $24.52. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.2% gain over the past four weeks.
The price rise can be attributed to growing investor confidence in the company’s progress with its pipeline candidates, which are being evaluated as monotherapy and in combination studies across various stages of clinical development, targeting various types of cancer indications.
This company is expected to post quarterly loss of $0.92 per share in its upcoming report, which represents a year-over-year change of +19.3%. Revenues are expected to be $14 million, down 50% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Arcus Biosciences, 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 RCUS going forward to see if this recent jump can turn into more strength down the road.
Arcus Biosciences is a member of the Zacks Medical - Biomedical and Genetics industry. One other stock in the same industry, Qiagen (QGEN - Free Report) , finished the last trading session 2.3% lower at $40.1. QGEN has returned 3.9% over the past month.
Qiagen's consensus EPS estimate for the upcoming report has changed +0.3% over the past month to $0.55. Compared to the company's year-ago EPS, this represents a change of -5.2%. Qiagen currently boasts a Zacks Rank of #4 (Sell).
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Arcus Biosciences (RCUS) Moves 7.8% Higher: Will This Strength Last?
Arcus Biosciences, Inc. (RCUS - Free Report) shares ended the last trading session 7.8% higher at $24.52. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.2% gain over the past four weeks.
The price rise can be attributed to growing investor confidence in the company’s progress with its pipeline candidates, which are being evaluated as monotherapy and in combination studies across various stages of clinical development, targeting various types of cancer indications.
This company is expected to post quarterly loss of $0.92 per share in its upcoming report, which represents a year-over-year change of +19.3%. Revenues are expected to be $14 million, down 50% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Arcus Biosciences, 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 RCUS 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 >>>>
Arcus Biosciences is a member of the Zacks Medical - Biomedical and Genetics industry. One other stock in the same industry, Qiagen (QGEN - Free Report) , finished the last trading session 2.3% lower at $40.1. QGEN has returned 3.9% over the past month.
Qiagen's consensus EPS estimate for the upcoming report has changed +0.3% over the past month to $0.55. Compared to the company's year-ago EPS, this represents a change of -5.2%. Qiagen currently boasts a Zacks Rank of #4 (Sell).