Vertex Pharmaceuticals (VRTX) Gains As Market Dips: What You Should Know

19.04.24 23:50 Uhr

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18.546,2 PKT -11,7 PKT -0,06%

16.686,0 PKT -12,4 PKT -0,07%

5.303,3 PKT 6,2 PKT 0,12%

Vertex Pharmaceuticals (VRTX) closed the most recent trading day at $394.28, moving +0.2% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.88%. At the same time, the Dow added 0.56%, and the tech-heavy Nasdaq lost 2.05%.The drugmaker's stock has dropped by 5.35% in the past month, exceeding the Medical sector's loss of 6.4% and lagging the S&P 500's loss of 2.57%.The investment community will be paying close attention to the earnings performance of Vertex Pharmaceuticals in its upcoming release. The company is slated to reveal its earnings on May 6, 2024. On that day, Vertex Pharmaceuticals is projected to report earnings of $4.10 per share, which would represent year-over-year growth of 34.43%. In the meantime, our current consensus estimate forecasts the revenue to be $2.56 billion, indicating a 7.75% growth compared to the corresponding quarter of the prior year.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $16.76 per share and revenue of $10.69 billion, indicating changes of +10.05% and +8.29%, respectively, compared to the previous year.Investors should also pay attention to any latest changes in analyst estimates for Vertex Pharmaceuticals. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. Currently, Vertex Pharmaceuticals is carrying a Zacks Rank of #3 (Hold).Digging into valuation, Vertex Pharmaceuticals currently has a Forward P/E ratio of 23.48. This expresses a premium compared to the average Forward P/E of 22.02 of its industry.It's also important to note that VRTX currently trades at a PEG ratio of 1.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Medical - Biomedical and Genetics industry had an average PEG ratio of 1.65.The Medical - Biomedical and Genetics industry is part of the Medical sector. With its current Zacks Industry Rank of 84, this industry ranks in the top 34% of all industries, numbering over 250.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Top 5 Dividend Stocks for Your RetirementZacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.See our Top 5 now – the report is FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vertex Pharmaceuticals Incorporated (VRTX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Vertex Pharmaceuticals Inc.

Analysen zu Vertex Pharmaceuticals Inc.

DatumRatingAnalyst
01.08.2019Vertex Pharmaceuticals HoldNeedham & Company, LLC
06.02.2019Vertex Pharmaceuticals HoldMaxim Group
26.10.2018Vertex Pharmaceuticals BuyH.C. Wainwright & Co.
01.10.2018Vertex Pharmaceuticals OverweightCantor Fitzgerald
07.08.2018Vertex Pharmaceuticals BuyStifel, Nicolaus & Co., Inc.
DatumRatingAnalyst
26.10.2018Vertex Pharmaceuticals BuyH.C. Wainwright & Co.
01.10.2018Vertex Pharmaceuticals OverweightCantor Fitzgerald
07.08.2018Vertex Pharmaceuticals BuyStifel, Nicolaus & Co., Inc.
05.03.2018Vertex Pharmaceuticals BuyMaxim Group
01.02.2018Vertex Pharmaceuticals OverweightBarclays Capital
DatumRatingAnalyst
01.08.2019Vertex Pharmaceuticals HoldNeedham & Company, LLC
06.02.2019Vertex Pharmaceuticals HoldMaxim Group
24.10.2016Vertex Pharmaceuticals NeutralH.C. Wainwright & Co.
29.01.2015Vertex Pharmaceuticals HoldMaxim Group
29.01.2015Vertex Pharmaceuticals HoldNeedham & Company, LLC
DatumRatingAnalyst
14.12.2012Vertex Pharmaceuticals sellGoldman Sachs Group Inc.
05.11.2012Vertex Pharmaceuticals sellGoldman Sachs Group Inc.
04.01.2008Vertex Pharmaceuticals DowngradeWachovia Sec
14.12.2006Vertex Pharmaceuticals DowngradeBanc of America Sec.
22.11.2005Update Vertex Pharmaceuticals Inc.: SellBanc of America Sec.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Vertex Pharmaceuticals Inc. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"