OPKO Health (NASDAQ: OPK) Recently traded at $4.30 and marked an increase of +1.78 percent from the day before. This increase has outpaced the S&P 500’s gain of 0.01 percent on the same trading session.
During the same trading session, NASDAQ, which is heavy on tech stocks, lost around 0.35 percent and Dow gained 0.39 percent.
While the medical sector has lost around 0.66 percent in the last few weeks, the S&P 500 has witnessed an increase of 2.55 percent. If we look at the stock market overview, we will find that diagnostics and pharmaceutical companies have increased their shares by 34.82 percent.
OPKO Health Next Earnings Reveal
As OPKO Health (NASDAQ: OPK) comes close to releasing its earnings for the quarter, stock market analysts increasingly show signs that they hike for strong results. OPKO Health is scheduled to release its quarterly earnings on 29th October next. As per stock market analysts, the company will bring in $0.04 earnings per share. It would mean that NASDAQ: OPK has increased 136.36 percent in the year-over-year criteria. Meanwhile, Zacks Investment Research Inc has predicted NASDAQ: OPK to bring in $371.87 million in its Titan net sales. This would mean that the company’s revenue has increased by 62.54 percent from a year before.
For the twelve months period, Zacks Investment Research predicts that OPKO Health (NASDAQ: OPK) will bring in $0.03 earnings per share. They also expect that the company will bring in a total of $1.27 billion in revenue. This would mean an increase of +107.32 and +41.1 percent from the year before.
OPKO Health (NASDAQ: OPK) Recent Changes
At this point, we should also note what changes OPKO Health (NASDAQ: OPK) has gone through recently. It will help us understand the trends in near-term businesses. As such, positive estimates can be interpreted as positive signs for the said firms.
According to the data, it should be believed that all the revisions are directly a consequence of near-term business moves.
The ranking system of Zacks Investment Research Inc has ranks ranging between one and five. One represents strong buy and five represents strong sell. The stocks with the number one ranking deliver an average of +25 percent annual return. Currently, OPKO Health (NASDAQ: OPK) has a rating of “hold”, ranked at number three, issued by Zacks Investment Research Inc.
The company’s PEG ratio stands at 10.55. OPKO Health (NASDAQ: OPK) comes under the stock market’s medical sector. If we look at Zacks’ ranking for NASDAQ: OPK and compare the company with its 250 plus peers, we will see that the company is ranked at 168.
According to the current stock market trend, the company with the top 50 percent rating usually does better than the bottom 50 percent.