Author: Zacks Equity Research

HES – Hess (HES) Inks Deal to Divest Interests in South Arne Field

Hess Corporation (HES Free Report) recently announced an agreement with Ineos E&P AS. The company expects the transaction to be completed in the third quarter of 2021.

Per the accord, Hess will divest its affiliate Hess Denmark ApS for a total consideration of $150 million. Notably, through its affiliate, Hess has an ownership interest of 61.5% in the South Arne Field. In the December quarter of 2020, the global independent energy player‘s net production from the South Arne Field was recorded at 5,800 barrels of oil equivalent per day.

Hess intends to use the net proceeds from the sale for investment in world-class offshore resources in Guyana. As oil prices have recovered massively compared to the pandemic-driven lows last year, Hess’ decision to invest more in Guyana projects seems profitable. In fact, the oil pricing environment will continue to be favorable since coronavirus vaccines are being rolled out on a massive scale that will boost fuel demand since more people will go out for office and vacations.

Headquartered in New York, Hess currently carries a Zacks Rank #3 (Hold). Some better-ranked players in the energy space include Diamondback Energy, Inc. (FANG Free Report) , Matador Resources Company (MTDR Free Report) and Pioneer Natural Resources Company (PXD Free Report) . All the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Diamondback is likely to see earnings growth of 112.5% in 2021.

Matador is likely to see earnings growth of 300% in 2021.

Pioneer Natural is likely to see earnings growth of 429% in 2021.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

OLLI – Ollie's Bargain (OLLI) Q4 Earnings Beat, Comps Increase 8.8%

Ollie’s Bargain Outlet Holdings, Inc. (OLLI Free Report) maintained stellar performance in fourth-quarter fiscal 2020, wherein both the top and the bottom lines not only surpassed the Zacks Consensus Estimate but also improved year over year. It was the fourth straight quarter of sales and earnings beat. Notably, the company witnessed decent comparable store sales growth.

Markedly, shares of Ollie’s Bargain rose 4.6% during the after-market trading session on Mar 18, 2021. Evidently, stronger-than-anticipated results and upbeat commentary on first-quarter fiscal 2021 performance buoyed investor sentiment.

Management informed that current sales trends are impressive while comparable store sales are tracking up in the high-single digits quarter-to-date. It also added that the company is well on track to deliver robust performance in the first quarter.

We note that this Zacks Rank #3 (Hold) stock has risen 4.5% in the past three months against the industry’s decline of 13.8%.

Here’s How the Top & the Bottom Lines Fared

Ollie’s Bargain posted adjusted earnings of 97 cents a share that beat the Zacks Consensus Estimate of 85 cents and surged from 74 cents reported in the year-ago quarter. This year-over-year improvement was fueled by higher net sales, gross margin expansion and better expense management.

Net sales improved 22.1% year over year to $515.8 million and surpassed the consensus mark of $486.1 million. This surge in the top line can be attributed to comparable store sales increase and new store unit growth coupled with sturdy performance.

Comparable store sales climbed 8.8% during the quarter, driven by a significant rise in average basket, partly offset by fewer transactions. The company’s top-performing categories were bed and bath, housewares, flooring, food, health and beauty aids, and seasonal.

The company’s business operating model of “buying cheap and selling cheap” and focus on value-driven merchandise assortment positioned it well to grab opportunities in the marketplace and effectively meet consumer demand amid the ongoing pandemic. Management stated that shift in consumer spending from COVID-impacted categories, such as travel, dining and experiences, to retail, and federal stimulus funds as part of the recently enacted COVID-Related Tax Relief Act of 2020 benefited the company.

A Sneak Peek Into Margins

Gross profit surged 23.6% year over year to $204.7 million during the quarter under review, while gross margin expanded 50 basis points to 39.7%. The increase in the metric can be attributed to improvement in the merchandise margin and leveraging of supply chain expenses due to higher sales.

SG&A expenses jumped 20.3% to $114.2 million from the prior-year period on account of increase in number of stores and higher store payroll and variable selling expenses. Excluding the gains from insurance settlements, SG&A expenses increased 20% to $114.4 million in the quarter.

However, as a percentage of net sales, SG&A expenses — exclusive of the insurance settlements gains — declined 40 basis points to 22.2%. The decrease was owing to significant leverage in occupancy and other costs owing to comparable store sales growth and cost-containment efforts. This was partly offset by certain increased expenses, such as premium and incentive pay, associated with operating in pandemic-hit environment.

Excluding the gains from the insurance settlements, adjusted operating income rose 31.7% to $84.5 million in the final quarter. Again, adjusted operating margin expanded 120 basis points to 16.4% owing to higher gross margin and the leveraging of expense components due to the increase in comparable store sales.

Adjusted EBITDA increased 32.9% to $92.1 million during the quarter under review. Adjusted EBITDA margin increased 150 basis points to 17.9%.

Store Update

During the fourth quarter, Ollie’s Bargain opened four new stores and closed one location, thereby taking the total count to 388 stores in 25 states. We note that the company opened 46 new locations in fiscal 2020 and plans to open 50 stores including three to four relocations in fiscal 2021. The company informed that so far this year it has opened seven stores, including one relocation. Meanwhile, management is planning to bring the Ollie’s brand to three new states — Kansas, Missouri and Vermont.

Other Financial Aspects

Ollie’s Bargain ended the quarter with cash and cash equivalents of $447.1 million (as of Jan 30, 2021), reflecting significant increase from $90 million as of Feb 1, 2020. The company had no borrowings under its $100 million revolving credit facility and $92 million of availability under the facility, as of the end of fiscal 2020.

As of Jan 30, 2021, its total borrowings (comprising solely of finance lease obligations) were $1 million and stockholders’ equity was $1,334.9 million. Inventories, as of the end of fiscal 2020, grew 5.5% to $353.7 million. The company incurred capital expenditures of $30.5 million in fiscal 2020. Management anticipates capital expenditures of $40-$45 million in fiscal 2021, principally for new outlets, IT projects and store level initiatives.

The company’s board of directors authorized a $100 million increase in the share buyback program on Mar 16. This resulted in $200 million approved for share buyback through these programs which expire on Jan 13, 2023.

3 Key Stocks for You

Hibbett Sports (HIBB Free Report) has a long-term earnings-growth rate of 17.2% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

MarineMax (HZO Free Report) has a trailing four-quarter earnings surprise of 99.9%, on average. The stock carries a Zacks Rank #2 (Buy).

Tapestry (TPR Free Report) has a trailing four-quarter earnings surprise of 39.5%, on average. It carries a Zacks Rank #2.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

MGY – Here's Why Magnolia Oil (MGY) is a Solid Investment Bet Now

Magnolia Oil & Gas Corporation (MGY Free Report) has witnessed upward earnings estimate revisions for 2021 and 2022 in the past 30 days. Also, this publicly traded oil and gas exploration and production company’s stock price has surged 55.1% year to date versus the sector’s rise of 22.4%. Currently, the stock sports a Zacks Rank #1 (Strong Buy).

Factors Favoring the Stock

The price of West Texas Intermediate crude, trading at more than $60 per barrel mark, has improved significantly from the negative territory touched in April 2020. The momentum is likely to continue since the coronavirus vaccine rollout will possibly help the economy recover strongly this year, thereby aiding fuel demand.

The rally in oil price has also been supported by OPEC+ (OPEC and its non-OPEC partners) since the cartel and its allies have extended production cut till April. Per the agreement reached on Mar 4, following a meeting through videoconferencing between OPEC led by Saudi Arabia and Russia-led non-OPEC producers, majority of OPEC+ members decided to keep the output unchanged.

Overall, the massive improvement in oil price is definitely a boon for oil explorers and producers and Magnolia Oil & Gas, having a strong footprint in the core of the Eagle Ford Shale and Austin Chalk formations, is well placed to capitalize on the favorable pricing scenario.

Other Stocks to Consider

Other top-ranked players in the energy space include Diamondback Energy, Inc. (FANG Free Report) , Matador Resources Company (MTDR Free Report) and Pioneer Natural Resources Company (PXD Free Report) . All the stocks sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Diamondback is likely to see earnings growth of 112.5% in 2021.

Matador is likely to see earnings growth of 300% in 2021.

Pioneer Natural is likely to see earnings growth of 429% in 2021.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

AVEO – Can AVEO (AVEO) Run Higher on Strong Earnings Estimate Revisions?

AVEO Pharmaceuticals, Inc. (AVEO Free Report) is the leading provider of materials engineering solutions that could be an interesting play for investors.  That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AVEO earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Vale could be a solid choice for investors.

Current Quarter Estimates for AVEO

In the past 30 days, one estimate has gone higher for AVEO while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates moving from a loss of 71 cents per share 30 days ago, to a loss of 55 cents per share today, a move of 22.5%.

Current Year Estimates for AVEO

Meanwhile, AVEO’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.60 per share 30 days ago to $1.44 per share today, a move of 10%.

Bottom Line

The stock has also started to move higher lately, adding 33.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

PRA – ProAssurance Corp (PRA) Enters Overbought Territory

ProAssurance Corporation (PRA Free Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because PRA is now in overbought territory with an RSI value of 72.74.

What is RSI?

RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.

Other Factors

Yet PRA’s high RSI value isn’t the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions ProAssurance Corp’s stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of PRA’s prospects for the near term.

Over the past one month, investors have witnessed 1 earnings estimate revision lower compared to none higher for the current year. The consensus estimate for PRA’s has also been on a downward trend over the same time period too, as the estimates have fallen 11.8% over the last two months.

If this wasn’t enough, ProAssurance Corp also has a Zacks Rank #4 (Sell) which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

ANF – Will Abercrombie & Fitch (ANF) Continue to Surge Higher?

As of late, it has definitely been a great time to be an investor of Abercrombie & Fitch Co. (ANF Free Report) . The stock has moved higher by 40% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider ANF’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as ANF has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

GD – General Dynamics (GD) is in Overbought Territory: What's Next?

General Dynamics Corporation (GD Free Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because GD is now in overbought territory with an RSI value of 70.72.

What is RSI?

RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.

Other Factors

Yet GD’s high RSI value isn’t the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions General Dynamics’ stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of GD’s prospects for the near term.

Over the past one month, investors have witnessed 2 earnings estimate revision lower compared to none higher for the current year. The consensus estimate for GD’s has also been on a downward trend over the same time period too, as the estimates have fallen 4.2% over the last two months.

If this wasn’t enough, General Dynamics also has a Zacks Rank #5 (Strong Sell) which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

NKE – Nike (NKE) Beats Q3 Earnings Estimates

Nike (NKE Free Report) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this athletic apparel maker would post earnings of $0.63 per share when it actually produced earnings of $0.78, delivering a surprise of 23.81%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Nike, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $10.36 billion for the quarter ended February 2021, missing the Zacks Consensus Estimate by 5.38%. This compares to year-ago revenues of $10.1 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Nike shares have added about 2.4% since the beginning of the year versus the S&P 500’s gain of 5.8%.

What’s Next for Nike?

While Nike has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Nike was favorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.51 on $10.32 billion in revenues for the coming quarter and $2.97 on $43.18 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Shoes and Retail Apparel is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

OLLI – Ollie's Bargain Outlet (OLLI) Tops Q4 Earnings and Revenue Estimates

Ollie’s Bargain Outlet (OLLI Free Report) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 14.12%. A quarter ago, it was expected that this retailer would post earnings of $0.58 per share when it actually produced earnings of $0.65, delivering a surprise of 12.07%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Ollie’s Bargain Outlet, which belongs to the Zacks Consumer Products – Staples industry, posted revenues of $515.76 million for the quarter ended January 2021, surpassing the Zacks Consensus Estimate by 6.11%. This compares to year-ago revenues of $422.43 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Ollie’s Bargain Outlet shares have added about 10.4% since the beginning of the year versus the S&P 500’s gain of 5.8%.

What’s Next for Ollie’s Bargain Outlet?

While Ollie’s Bargain Outlet has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Ollie’s Bargain Outlet was mixed. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.61 on $406.6 million in revenues for the coming quarter and $2.80 on $1.84 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products – Staples is currently in the bottom 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

CVSI – CV Sciences, Inc. (CVSI) Reports Q4 Loss, Lags Revenue Estimates

CV Sciences, Inc. (CVSI Free Report) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -350%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.03, delivering a surprise of -50%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

CV Sciences, Inc.Which belongs to the Zacks Medical – Drugs industry, posted revenues of $5.2 million for the quarter ended December 2020, missing the Zacks Consensus Estimate by 22.52%. This compares to year-ago revenues of $9.33 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

CV Sciences, Inc. Shares have added about 28.7% since the beginning of the year versus the S&P 500’s gain of 5.8%.

What’s Next for CV Sciences, Inc.

While CV Sciences, Inc. Has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for CV Sciences, Inc. Was mixed. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.02 on $7.76 million in revenues for the coming quarter and -$0.05 on $37.24 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical – Drugs is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.