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InMode (INMD) Gains But Lags Market: What You Should Know

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InMode (INMD - Free Report) closed at $28.07 in the latest trading session, marking a +0.36% move from the prior day. This move lagged the S&P 500's daily gain of 0.45%. Elsewhere, the Dow gained 0.36%, while the tech-heavy Nasdaq added 0.52%.

Coming into today, shares of the maker of cosmetic surgery devices had lost 14.47% in the past month. In that same time, the Medical sector lost 0.05%, while the S&P 500 gained 2.08%.

Wall Street will be looking for positivity from INMD as it approaches its next earnings report date. The company is expected to report EPS of -$0.09, down 120% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $17.76 million, down 54.23% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.81 per share and revenue of $139.45 million. These totals would mark changes of -50.31% and -10.82%, respectively, from last year.

Any recent changes to analyst estimates for INMD should also be noted by investors. 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.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 has moved 48.28% lower. INMD currently has a Zacks Rank of #4 (Sell).

Investors should also note INMD's current valuation metrics, including its Forward P/E ratio of 34.53. This represents a premium compared to its industry's average Forward P/E of 33.52.

The Medical - Products industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% 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.

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