CytoDyn Inc. CYDY is a biotechnology company that 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 CYDY’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 CytoDyn could be a solid choice for investors.
Current Quarter Estimates for CYDY
In the past 30 days, 1 estimate has gone higher for CytoDynwhile none have gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from a loss of 5 cents a share 30 days ago, to a loss of 4 cents per share today, a move of 25%.
Current Year Estimates for CYDY
Meanwhile, CytoDyn’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, rising from a loss of 19 cents per share 30 days ago to a loss of 17 cents per share today, an increase of 11.8%.
CytoDyn Inc. Price and Consensus
The stock has also started to move higher lately, adding 5.8% 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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