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Zynerba Pharmaceuticals (ZYNE) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research

Zynerba Pharmaceuticals (ZYNE) closed at $13.91 in the latest trading session, marking a +0.87% move from the prior day. This move outpaced the S&P 500's daily gain of 0.3%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.42%.

Heading into today, shares of the specialty pharmaceutical company had lost 6.95% over the past month, lagging the Medical sector's gain of 4.2% and the S&P 500's gain of 2.2% in that time.

Investors will be hoping for strength from ZYNE as it approaches its next earnings release. On that day, ZYNE is projected to report earnings of -$0.50 per share, which would represent year-over-year growth of 43.82%.

Any recent changes to analyst estimates for ZYNE should also be noted by investors. Recent revisions tend to reflect the latest 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.83% higher. ZYNE is holding a Zacks Rank of #3 (Hold) right now.

The Medical - Generic Drugs industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 33% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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