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Can Akero Therapeutics (AKRO) Run Higher on Strong Earnings Estimate Revisions?

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Akero Therapeutics, Inc. AKRO is a clinical-stage cardio-metabolic 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 AKRO 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 Valecould be a solid choice for investors.

Current Quarter Estimates for AKRO

In the past 60 days, three estimates have gone higher for Akero Therapeutics while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates moving from a loss of $1.09 per share 60 days ago, to a loss of 72 cents per share today, a move of 34%.

Current Year Estimates for AKRO

Meanwhile, Akero Therapeutics’ current year figures are also looking quite promising, with three estimates moving higher in the past two months, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, moving from a loss of $4.50 per share 60 days ago to a loss of $2.97 per share today, a move of 34%.

Akero Therapeutics, Inc. Price and Consensus

Akero Therapeutics, Inc. Price and Consensus
Akero Therapeutics, Inc. Price and Consensus

Akero Therapeutics, Inc. price-consensus-chart | Akero Therapeutics, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 6.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may 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.

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