It has been about a month since the last earnings report for Biogen Inc. (BIIB). Shares have added about 1.1% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Biogen due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended downward during the past month.
The consensus estimate has shifted -9.02% due to these changes.
VGM Scores
At this time, Biogen has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Biogen has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Biogen is part of the Zacks Medical - Biomedical and Genetics industry. Over the past month, Gilead Sciences (GILD), a stock from the same industry, has gained 7%. The company reported its results for the quarter ended December 2024 more than a month ago.
Gilead reported revenues of $7.57 billion in the last reported quarter, representing a year-over-year change of +6.4%. EPS of $1.90 for the same period compares with $1.72 a year ago.
Gilead is expected to post earnings of $1.73 per share for the current quarter, representing a year-over-year change of +231.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.8%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Gilead. Also, the stock has a VGM Score of B.
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Biogen Inc. (BIIB) : Free Stock Analysis Report
Gilead Sciences, Inc. (GILD) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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