Surging Earnings Estimates Signal Good News for XOMA Corporation (XOMA) - Tale of the Tape
January 14 2014 - 08:52AM
Zacks
Xoma Corporation
(XOMA) is a developer of antibody-based therapeutics 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 XOMA’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 Xoma Corporation could be a solid choice for
investors.
Current Quarter Estimates for XOMA
In the past 30 days, 1 estimate has gone higher for Xoma
Corporation while it underwent no downward revision during the same
time span. The trend has been pretty favorable too, with estimates
narrowing from a loss of 25 cents per share 30 days ago, to loss of
20 cents per share today, a move of 20.0%.
Current Year Estimates for XOMA
Meanwhile, Xoma Corporation’s current year figures are also looking
quite promising, with1 estimate moving higher in the past month,
compared to no lower estimate revision during the same time period.
The consensus estimate trend has also seen a boost for this time
frame, narrowing from a loss of $1.07 per share 30 days ago to loss
of $1.05 per share today, an increase of 2.0%.
Bottom Line
The stock has also started to move higher lately, adding 47.0% 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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