Monday, November 28, 2022
Home Business Funding BridgeBio Pharma (BBIO) Gains But Lags Market: What You Should Know

BridgeBio Pharma (BBIO) Gains But Lags Market: What You Should Know

This story originally appeared on Zacks

In the latest trading session, BridgeBio Pharma (BBIO) closed at $9.04, marking a +1.01% move from the previous day. This change lagged the S&P 500’s 2.44% gain on the day. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.

– Zacks

Coming into today, shares of the rare disease drug developer had lost 38.49% in the past month. In that same time, the Medical sector lost 12.92%, while the S&P 500 lost 9.65%.

Investors will be hoping for strength from BridgeBio Pharma as it approaches its next earnings release. On that day, BridgeBio Pharma is projected to report earnings of -$0.80 per share, which would represent year-over-year growth of 20.79%. Our most recent consensus estimate is calling for quarterly revenue of $33.19 million, up 27561.67% from the year-ago period.

Investors might also notice recent changes to analyst estimates for BridgeBio Pharma. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BridgeBio Pharma is holding a Zacks Rank of #4 (Sell) right now.

The Medical – Generic Drugs industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 232, which puts it in the bottom 10% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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
 
BridgeBio Pharma, Inc. (BBIO): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Most Popular

New Kahnawake project aims to protect Mohawk language

Staff at a newspaper in Kahnawá:ke, a First Nations community south of Montreal, are going a bit further with responsibility to their readers and...

Maritimers cheer as Canadian men score first World Cup goal despite loss

Maritimers came out in droves Sunday to watch Canada’s men’s soccer team take on Croatia at the 2022 FIFA World Cup. The 2022 tournament marks...

Two Liberal MLAs depart New Brunswick politics

Two Liberal MLAs are leaving provincial politics. Daniel Guitard and Denis Landry are trading in their trips to Fredericton for a spot closer to home,...

Bride-to-be, honours student among 6 killed in Virginia Walmart shooting

A 16-year-old helping his family. A custodian and father of two. A mother with wedding plans. A happy-go-lucky guy. A longtime employee. That’s how friends...