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.
Strength Seen in Agios Pharmaceuticals (AGIO): Can Its 17.7% Jump Turn into More Strength?
Read MoreHide Full Article
Agios Pharmaceuticals (AGIO - Free Report) shares soared 17.7% in the last trading session to close at $44.01. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 36.3% gain over the past four weeks.
The stock rallied after the FDA accepted and granted priority review to the company’s supplemental new drug application (sNDA) seeking approval for its lead product, mitapivat, an oral pyruvate kinase (PK) activator, for the treatment of sickle cell disease (SCD). A decision from the regulatory body is due on Nov 1, 2026.
This biopharmaceutical company is expected to post quarterly loss of $1.84 per share in its upcoming report, which represents a year-over-year change of +4.7%. Revenues are expected to be $22.68 million, up 82.2% 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 Agios Pharmaceuticals, the consensus EPS estimate for the quarter has been revised 3.5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on AGIO going forward to see if this recent jump can turn into more strength down the road.
Agios Pharmaceuticals is part of the Zacks Medical - Biomedical and Genetics industry. Protagonist Therapeutics (PTGX - Free Report) , another stock in the same industry, closed the last trading session 7.1% higher at $140.85. PTGX has returned 34.1% in the past month.
Protagonist Therapeutics' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.11. Compared to the company's year-ago EPS, this represents a change of +483.6%. Protagonist Therapeutics currently boasts a Zacks Rank of #2 (Buy).
View the Zacks #1 Rank List
Image: Bigstock
Strength Seen in Agios Pharmaceuticals (AGIO): Can Its 17.7% Jump Turn into More Strength?
Agios Pharmaceuticals (AGIO - Free Report) shares soared 17.7% in the last trading session to close at $44.01. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 36.3% gain over the past four weeks.
The stock rallied after the FDA accepted and granted priority review to the company’s supplemental new drug application (sNDA) seeking approval for its lead product, mitapivat, an oral pyruvate kinase (PK) activator, for the treatment of sickle cell disease (SCD). A decision from the regulatory body is due on Nov 1, 2026.
This biopharmaceutical company is expected to post quarterly loss of $1.84 per share in its upcoming report, which represents a year-over-year change of +4.7%. Revenues are expected to be $22.68 million, up 82.2% 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 Agios Pharmaceuticals, the consensus EPS estimate for the quarter has been revised 3.5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on AGIO 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 >>>>
Agios Pharmaceuticals is part of the Zacks Medical - Biomedical and Genetics industry. Protagonist Therapeutics (PTGX - Free Report) , another stock in the same industry, closed the last trading session 7.1% higher at $140.85. PTGX has returned 34.1% in the past month.
Protagonist Therapeutics' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.11. Compared to the company's year-ago EPS, this represents a change of +483.6%. Protagonist Therapeutics currently boasts a Zacks Rank of #2 (Buy).