Exelixis (EXEL) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this drug developer, should get reflected in its stock price. After all, empirical research shows a strong correlation between tren ...

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Recent economic data is reigniting talk about a soft landing for the economy. That means that the Federal Reserve's monetary policy regarding interest rates is neither too restrictive nor too loose. Economic growth may slow down, but not enough to cause an outright recession. That's the camp that some investors are betting on. But it's important to remember that a Goldilocks scenario like this doesn't necessarily mean it's smooth sailing for stocks. You'll still want to look for well-capitalized companies w ...

Dilok Klaisataporn Market Rotation: Magnificent Seven The Magnificent Seven rallied in early July, carrying the market to new highs, but reversed course with a violent selloff in early August for over $3T of total market value lost. While some of the Magnificent Seven's lower prices offer a more attractive valuation, recession fears have driven the CBOE Volatility Index "fear gauge" to pandemic-era levels amid economic uncertainty. The deepening tech sell-off prompted the Nasdaq to enter correction territor ...

Investors with an interest in Medical - Biomedical and Genetics stocks have likely encountered both Exelixis (EXEL) and CSL Limited Sponsored ADR (CSLLY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Styl ...

Exelixis' (EXEL) shares have risen 14.9% in a week after the company reported better-than-expected secondquarter results on Aug 6. The industry grew 0.7% during the said timeframe. It was a good quarter for Exelixis not just in terms of earnings and sales beat as the company made encouraging pipeline progress too which impressed investors. Image Source: Zacks Investment Research Earnings per share of 84 cents comfortably surpassed the Zacks Consensus Estimate of 37 cents, on the back of higher revenues and ...

Have you looked into how Exelixis (EXEL) performed internationally during the quarter ending June 2024? Considering the widespread global presence of this drug developer, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth. In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understand a comp ...

le l 1 IDH Morsa Images Exelixis, Inc. (NASDAQ:EXEL) released its earnings report for its second-quarter 2024 earnings. Investors should look into this name because Cabometyx has been holding strong in treating patients with Renal Cell Carcinoma [RCC]. Matter of fact, U.S. net product revenues grew by 16% quarter over quarter. Furthermore, a 7% growth of this was attributed year over year as well. Revenue for this franchise is coming along so well that it was able to receive a $150 million sales-based miles ...

Exelixis, Inc. (EXEL) reported better-than-expected second-quarter results. Shares have risen following the announcement. EXEL recorded earnings of 84 cents per share, which beat the Zacks Consensus Estimate of 37 cents. The company registered adjusted earnings of 31 cents per share in the second quarter of 2023. The upside is mainly driven by higher revenues and lower operating expenses. Including stock-based compensation expense, earnings were 77 cents per share in the reported quarter. Net revenues were ...

In its second-quarter earnings release, Exelixis, Inc. EXEL announced that the final overall survival (OS) analysis for the phase 3 CONTACT-02 trial has been completed. This study evaluates cabozantinib in combination with atezolizumab compared with a second novel hormonal therapy (NHT) in patients with metastatic castration-resistant prostate cancer (mCRPC) and measurable softtissue disease who have progressed after treatment with one prior NHT. Also Read: Bristol Myers, Exelixis Reveal 4-Year Follow-Up Re ...