Allergan (AGN - Free Report) closed at $166.69 in the latest trading session, marking a -0.1% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.84%. Meanwhile, the Dow lost 0.53%, and the Nasdaq, a tech-heavy index, lost 1.47%.
Heading into today, shares of the Botox maker had gained 4.14% over the past month, outpacing the Medical sector's gain of 2.64% and lagging the S&P 500's gain of 5.2% in that time.
Wall Street will be looking for positivity from AGN as it approaches its next earnings report date. The company is expected to report EPS of $4.22, down 0.71% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.87 billion, down 1.14% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $16.68 per share and revenue of $15.48 billion, which would represent changes of -0.06% and -1.92%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AGN. Recent revisions tend to reflect the latest near-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. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. AGN is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, AGN is holding a Forward P/E ratio of 10. This valuation marks a premium compared to its industry's average Forward P/E of 7.72.
We can also see that AGN currently has a PEG ratio of 1.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AGN's industry had an average PEG ratio of 0.98 as of yesterday's close.
The Medical - Generic Drugs industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 78, which puts 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.