In the latest trading session, Amarin (AMRN - Free Report) closed at $18.99, marking a +1.06% move from the previous day. This move outpaced the S&P 500's daily gain of 0.66%. Meanwhile, the Dow gained 1.03%, and the Nasdaq, a tech-heavy index, added 0.46%.
Prior to today's trading, shares of the biopharmaceutical company had lost 8.65% over the past month. This has lagged the Medical sector's loss of 0.8% and the S&P 500's gain of 3.97% in that time.
Wall Street will be looking for positivity from AMRN as it approaches its next earnings report date. On that day, AMRN is projected to report earnings of -$0.06 per share, which would represent year-over-year growth of 14.29%. Our most recent consensus estimate is calling for quarterly revenue of $72.23 million, up 64.46% from the year-ago period.
AMRN's full-year Zacks Consensus Estimates are calling for earnings of -$0.07 per share and revenue of $370.57 million. These results would represent year-over-year changes of +78.79% and +61.67%, respectively.
It is also important to note the recent changes to analyst estimates for AMRN. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 6.73% lower. AMRN currently has a Zacks Rank of #3 (Hold).
The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 58, putting it in the top 23% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.