Inogen (INGN) closed at $192.30 in the latest trading session, marking a +0.6% move from the prior day. This move lagged the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 2.01%.
Heading into today, shares of the produces oxygen concentrators for patients suffering from chronic respiratory conditions had lost 19.39% over the past month, lagging the Medical sector's loss of 10.02% and the S&P 500's loss of 7.81% in that time.
INGN will be looking to display strength as it nears its next earnings release, which is expected to be November 6, 2018. The company is expected to report EPS of $0.52, up 57.58% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $91.08 million, up 31.95% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.07 per share and revenue of $349.63 million. These totals would mark changes of +58.02% and +40.17%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for INGN. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. INGN is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that INGN has a Forward P/E ratio of 92.57 right now. This represents a premium compared to its industry's average Forward P/E of 30.45.
It is also worth noting that INGN currently has a PEG ratio of 3.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. INGN's industry had an average PEG ratio of 2.65 as of yesterday's close.
The Medical - Instruments industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 40% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.