It has been about a month since the last earnings report for Gilead Sciences (GILD). Shares have added about 10.3% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Gilead due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -5% due to these changes.
Currently, Gilead has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Gilead has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Gilead is part of the Zacks Medical - Biomedical and Genetics industry. Over the past month, Bristol Myers Squibb (BMY), a stock from the same industry, has gained 6.5%. The company reported its results for the quarter ended December 2024 more than a month ago.
Bristol Myers reported revenues of $12.34 billion in the last reported quarter, representing a year-over-year change of +7.5%. EPS of $1.67 for the same period compares with $1.70 a year ago.
Bristol Myers is expected to post earnings of $1.55 per share for the current quarter, representing a year-over-year change of +135.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.8%.
Bristol Myers has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.
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This article originally published on Zacks Investment Research (zacks.com).
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