A month has gone by since the last earnings report for Beam Therapeutics Inc. (BEAM). Shares have lost about 21.4% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Beam Therapeutics due for a breakout? 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 catalysts.
It turns out, fresh estimates have trended downward during the past month.
At this time, Beam Therapeutics has an average Growth Score of C, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of F on the value side, putting it in the fifth quintile 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.
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions has been net zero. Notably, Beam Therapeutics has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Beam Therapeutics belongs to the Zacks Medical - Biomedical and Genetics industry. Another stock from the same industry, Intra-Cellular Therapies (ITCI), has gained 2.5% over the past month. More than a month has passed since the company reported results for the quarter ended December 2024.
Intra-Cellular reported revenues of $199.22 million in the last reported quarter, representing a year-over-year change of +50.8%. EPS of -$0.16 for the same period compares with -$0.30 a year ago.
For the current quarter, Intra-Cellular is expected to post a loss of $0.08 per share, indicating a change of +50% from the year-ago quarter. The Zacks Consensus Estimate has changed +47.8% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Intra-Cellular. Also, the stock has a VGM Score of B.
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Beam Therapeutics Inc. (BEAM) : Free Stock Analysis Report
Intra-Cellular Therapies Inc. (ITCI) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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