Novavax (NVAX - Free Report) closed at $0.57 in the latest trading session, marking a -0.67% move from the prior day. This change lagged the S&P 500's 0% on the day. Elsewhere, the Dow lost 0.05%, while the tech-heavy Nasdaq lost 0.21%.
Prior to today's trading, shares of the vaccine maker had gained 8.56% over the past month. This has outpaced the Medical sector's gain of 1.69% and the S&P 500's gain of 5.49% in that time.
NVAX will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.12, up 14.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.80 million, down 50.26% from the year-ago period.
NVAX's full-year Zacks Consensus Estimates are calling for earnings of -$0.39 per share and revenue of $11.45 million. These results would represent year-over-year changes of +22% and -66.61%, respectively.
Any recent changes to analyst estimates for NVAX should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 9.63% higher within the past month. NVAX is holding a Zacks Rank of #3 (Hold) right now.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% 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.
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