Staar Surgical (STAA) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Staar Surgical (STAA) closed at $69.41, marking a +1.24% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.15%. Elsewhere, the Dow gained 1.11%, while the tech-heavy Nasdaq added 11.35%.
Coming into today, shares of the maker of implantable lenses had lost 5.43% in the past month. In that same time, the Medical sector lost 0.74%, while the S&P 500 gained 4.49%.
Investors will be hoping for strength from Staar Surgical as it approaches its next earnings release, which is expected to be February 21, 2023. In that report, analysts expect Staar Surgical to post earnings of $0.15 per share. This would mark a year-over-year decline of 21.05%. Our most recent consensus estimate is calling for quarterly revenue of $64.37 million, up 9.09% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Staar Surgical. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.64% lower. Staar Surgical is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, Staar Surgical is holding a Forward P/E ratio of 50.32. This valuation marks a premium compared to its industry's average Forward P/E of 19.88.
The Medical - Dental Supplies industry is part of the Medical sector. This group has a Zacks Industry Rank of 31, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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STAAR Surgical Company (STAA) : Free Stock Analysis Report
