Akebia Therapeutics, Inc. AKBA, a biopharmaceutical company, 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 AKBA’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 Akebia Therapeutics could be a solid choice for investors.
Current Quarter Estimates for AKBA
In the past 30 days, 2 estimates have gone higher for Akebia Therapeutics while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of $1.10 a share 30 days ago, to a gain of $2.13 today.
Current Year Estimates for AKBA
Meanwhile, Akebia Therapeutics’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no lower estimates. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $3.71 per share 30 days ago to a loss of 39 cents per share today, a significant move.
AKEBIA THERAP Price and Consensus
AKEBIA THERAP Price and Consensus | AKEBIA THERAP Quote
Bottom Line
The stock has also started to move higher lately, adding 19.6% 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. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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AKEBIA THERAP (AKBA): Free Stock Analysis Report
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