Markets

Amarin (AMRN) Gains As Market Dips: What You Should Know

A generic image of a pen and a calculator
Credit: Shutterstock photo

Amarin (AMRN) closed at $21.96 in the latest trading session, marking a +0.78% move from the prior day. This move outpaced the S&P 500's daily loss of 1.73%. At the same time, the Dow lost 1.19%, and the tech-heavy Nasdaq lost 2.07%.

Heading into today, shares of the biopharmaceutical company had gained 57.56% over the past month, outpacing the Medical sector's loss of 8.88% and the S&P 500's loss of 7.09% in that time.

Wall Street will be looking for positivity from AMRN as it approaches its next earnings report date. This is expected to be November 1, 2018. In that report, analysts expect AMRN to post earnings of -$0.09 per share. This would mark a year-over-year decline of 125%. Meanwhile, our latest consensus estimate is calling for revenue of $61.50 million, up 29.86% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.42 per share and revenue of $228.93 million, which would represent changes of -68% and +26.41%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for AMRN. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. AMRN currently has a Zacks Rank of #3 (Hold).

The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 89, putting it in the top 35% of all 250+ industries.

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.

You can find more information on all of these metrics, and much more, on Zacks.com.

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

Amarin Corporation PLC (AMRN): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AMRN

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More