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Stock impact report

5 Biotech Stocks Likely to Outpace Q4 Earnings Estimates [Yahoo! Finance]

Intellia Therapeutics, Inc. (NTLA) 
Last intellia therapeutics, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.intelliatx.com/investor-overview
Company Research Source: Yahoo! Finance
issued fresh guidance for 2024, which was largely optimistic. Several smaller biotechs are scheduled to report earnings results this month. Per the Zacks classification, the pharma/biotech industry comes under the broader Medical sector, which comprises pharma/biotech as well as medical device companies. Per the Earnings Trends report, as of Feb 14, 80.0% of the Medical sector companies, constituting nearly 94.4% of the sector's market capitalization, posted earnings. While 77.1% of the companies beat on earnings, 85.4% surpassed revenue estimates. Earnings decreased 16.3% year over year, while revenues rose 7.8%. Overall, fourth-quarter earnings of the Medical sector are expected to decline 18.0%, while revenues are projected to increase 7.0%. Zeroing in on Winners Here, we have highlighted five biotech companies — Moderna MRNA, BioMarin Pharmaceuticals BMRN, Amarin Corporation AMRN, Intellia Therapeutics, Inc. NTLA and Beam Therapeutics BEAM — that are expected to deliver Show less Read more
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