Earnings Estimates Moving Higher for Agenus (AGEN): Time to Buy?

Zacks Equity Research
June 6, 2014

Agenus Inc. (AGEN) 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 AGEN’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 Agenus could be a solid choice for investors.

Current Quarter Estimates for AGEN

In the past 30 days, 1 estimate has gone higher for Agenus while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 16 cents a share 30 days ago, to a loss of 11 cents today, a move of 31.3%.

Current Year Estimates for AGEN

Meanwhile, Agenus’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none moving lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 68 cents per share 30 days ago to a loss of 35 cents per share today, an increase of 48.5%.

Bottom Line

The stock has also started to move higher lately, adding 15.5% 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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