These positive earnings estimate revisions suggest that analysts are becoming more optimistic on XNPT’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Xenoport could be a solid choice for investors.
Current Quarter Estimates for XNPT
In the past 30 days, 1 estimate has gone higher for Xenoport while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 40 cents a share 30 days ago, to a loss of 33 cents today.
Current Year Estimates for XNPT
Meanwhile, Xenoport’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.49 per share 30 days ago to a loss of 87 cents per share today.
Bottom Line
The stock has also started to move higher lately, adding 20.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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