Back to top

Image: Bigstock

CRISPR Therapeutics AG (CRSP) Advances While Market Declines: Some Information for Investors

Read MoreHide Full Article

CRISPR Therapeutics AG (CRSP - Free Report) ended the recent trading session at $54.92, demonstrating a +1.74% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%.

Prior to today's trading, shares of the company had lost 4.26% lagged the Medical sector's gain of 4.42% and the S&P 500's loss of 1.42%.

The upcoming earnings release of CRISPR Therapeutics AG will be of great interest to investors. The company is predicted to post an EPS of -$1.13, indicating a 12.4% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $7.42 million, up 733.26% from the year-ago period.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$4.89 per share and revenue of $28.88 million. These totals would mark changes of +24.42% and +722.82%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for CRISPR Therapeutics AG. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.47% upward. CRISPR Therapeutics AG currently has a Zacks Rank of #3 (Hold).

The Medical - Biomedical and Genetics industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 150, positioning it in the bottom 39% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Published in