Cumberland Pharmaceuticals (CPIX - Free Report) closed the most recent trading day at $5.30, moving -1.6% from the previous trading session. This move lagged the S&P 500's daily gain of 0.19%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.81%.
Coming into today, shares of the pharmaceutical company had gained 1.05% in the past month. In that same time, the Medical sector lost 1.57%, while the S&P 500 gained 0.56%.
CPIX will be looking to display strength as it nears its next earnings release. On that day, CPIX is projected to report earnings of $0.11 per share, which would represent year-over-year growth of 320%. Our most recent consensus estimate is calling for quarterly revenue of $12.65 million, up 49% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.40 per share and revenue of $47.36 million, which would represent changes of +1433.33% and +16.24%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for CPIX. 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.
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 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 remained stagnant. CPIX is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, CPIX currently has a Forward P/E ratio of 13.48. This represents a discount compared to its industry's average Forward P/E of 16.98.
The Medical - Drugs industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 21% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.