In the latest trading session, CRISPR Therapeutics AG (CRSP - Free Report) closed at $38.33, marking a -1.01% move from the previous day. This change lagged the S&P 500's 0.82% gain on the day. Meanwhile, the Dow gained 0.79%, and the Nasdaq, a tech-heavy index, added 0.79%.
Coming into today, shares of the company had gained 8.79% in the past month. In that same time, the Medical sector gained 5.35%, while the S&P 500 gained 3.94%.
Investors will be hoping for strength from CRSP as it approaches its next earnings release, which is expected to be March 14, 2019. Meanwhile, our latest consensus estimate is calling for revenue of $3.70 million, down 88.56% from the prior-year quarter.
CRSP's full-year Zacks Consensus Estimates are calling for earnings of -$3.26 per share and revenue of $6.16 million. These results would represent year-over-year changes of -90.64% and -84.97%, respectively.
Investors should also note any recent changes to analyst estimates for CRSP. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 11.56% lower. CRSP is currently a Zacks Rank #3 (Hold).
The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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.