Can Alcobra (ADHD) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape
Alcobra Ltd. (ADHD) is a Medicine-Drugs space 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 ADHD’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 Alcobra could be a solid choice for investors.
Current Quarter Estimates for ADHD
In the past 30 days, 1 estimate has gone higher for Alcobra while none have 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 29 cents today, a move of 27.5%.
Current Year Estimates for ADHD
Meanwhile, Alcobra’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.82 per share 30 days ago to a loss of $1.50 per share today, an increase of 17.6%.
Bottom Line
The stock has also started to move higher lately, adding 16.9% 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 #2 (Buy) stock to profit in the near future.
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ALCOBRA LTD (ADHD): Free Stock Analysis Report
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