Summit Therapeutics PLC SMMT is a biopharmaceutical company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SMMT’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 Summit Therapeutics could be a solid choice for investors.
Current Quarter Estimates for SMMT
In the past 30 days, one estimate has gone higher for Summit Therapeutics while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 65 cents a share 30 days ago, to $1.15 per share today, a significant increase.
Current Year Estimates for SMMT
Meanwhile, Summit Therapeutics’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of $2.59 per share 30 days ago to a loss of $2.36 per share today, an increase of 8.89%.
Summit Therapeutics PLC Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 10% 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 #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment