Gilead Sciences (GILD - Free Report) closed at $63.34 in the latest trading session, marking a -0.05% move from the prior day. This move lagged the S&P 500's daily gain of 0.21%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.27%.
Prior to today's trading, shares of the HIV and hepatitis C drugmaker had lost 2.31% over the past month. This has lagged the Medical sector's loss of 1.96% and was narrower than the S&P 500's loss of 5.26% in that time.
Wall Street will be looking for positivity from GILD as it approaches its next earnings report date. In that report, analysts expect GILD to post earnings of $1.73 per share. This would mark a year-over-year decline of 9.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.52 billion, down 2.24% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.90 per share and revenue of $22.07 billion. These totals would mark changes of +3.45% and -0.25%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for GILD. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 4.81% higher. GILD is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that GILD has a Forward P/E ratio of 9.19 right now. This represents a discount compared to its industry's average Forward P/E of 25.25.
Also, we should mention that GILD has a PEG ratio of 0.74. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Medical - Biomedical and Genetics industry currently had an average PEG ratio of 1.73 as of yesterday's close.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 77, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.