Core Viewpoint - The article emphasizes the importance of confirming the sustainability of a trend in short-term investing, highlighting that successful entry timing is crucial for capitalizing on price movements [1][2]. Group 1: Trend Analysis - The trend can reverse before exiting a trade, potentially leading to short-term capital losses for investors, necessitating confirmation of sound fundamentals and positive earnings estimates to maintain stock momentum [2]. - A unique short-term trading strategy, referred to as the "Recent Price Strength" screen, helps identify stocks with sufficient fundamental strength to sustain their recent uptrends [3]. Group 2: Stock Example - Harrow (HROW) - Harrow (HROW) has shown a solid price increase of 28.2% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - HROW has maintained a price increase of 0.5% over the past four weeks, suggesting that the upward trend is still intact [5]. - Currently, HROW is trading at 82% of its 52-week high-low range, indicating a potential breakout opportunity [6]. Group 3: Fundamental Strength - HROW holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock also has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 4: Additional Opportunities - Besides HROW, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting potential investment opportunities [8]. - The article encourages exploring over 45 Zacks Premium Screens tailored to different investing styles to identify winning stock picks [8].

The market expects Harrow (HROW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 13, 2024, might help the stock move higher if these key numbers are ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, November 6th:Harrow, Inc. (HROW) : This eyecare pharmaceutical company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 164.3% over the last 60 days.Harrow’s shares gained 108.4% over the last three months compared with the S&P 500’s advance of 11.1%. The company possesses a Momentum Score  of B.Orla Mining Ltd. (ORLA) : This mining company has a Zac ...

Investors might want to bet on Harrow (HROW) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The power of a c ...

Shares of Harrow (HROW) have gained 5% over the past four weeks to close the last trading session at $47.20, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $59.45 indicates a potential upside of 26%.The mean estimate comprises four short-term price targets with a standard deviation of $12.23. While the lowest estimate of $44.80 indicates a 5.1% decline from the current price le ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Our " ...

Harrow (HROW) shares soared 8.4% in the last trading session to close at $49.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 16.8% gain over the past four weeks. Earlier this week, the company relaunched its ophthalmology drug, Triesence, which is approved for visualization during vitrectomy and for the treatment of ocular inflammatory conditions that are unresponsive to topical corticosteroids. This might have driven the sha ...

Shares of Harrow Inc (HROW, Financial) surged 3.26% in mid-day trading on Oct 2. The stock reached an intraday high of $46.10, before settling at $45.90, up from its previous close of $44.45. This places HROW 3.47% below its 52-week high of $47.55 and 503.95% above its 52-week low of $7.60. Trading volume was 127,229 shares, 19.9% of the average daily volume of 640,221. Wall Street Analysts Forecast Based on the one-year price targets offered by 4 analysts, the average target price for Harrow Inc (HROW, Fin ...

Financial Data and Key Metrics Changes - Harrow achieved record quarterly revenue of $48.9 million, representing a 46% increase year-over-year and a 42% increase quarter-over-quarter [5][6] - The company expects 2024 revenue to exceed $180 million, excluding contributions from TRIESENCE [6][12] Business Line Data and Key Metrics Changes - The Anterior Segment business saw revenue increase by over 40% compared to the first quarter of 2024 [5] - ImprimisRx compounding subsidiary achieved its highest quarterly revenue in history [5] - Branded revenue is now ahead of compounded revenue, positively impacting margins [6] Market Data and Key Metrics Changes - IHEEZO unit volumes nearly doubled, up about 98% from the previous quarter, with 24 supply agreements signed with strategic retina practice accounts [7] - VEVYE prescriptions increased by 212% from the first quarter of 2024, with a total of 3,000 prescribers [8][9] Company Strategy and Development Direction - The company aims to become North America's leading ophthalmic pharmaceutical company, focusing on expanding the VEVYE salesforce and opening new territories [12][11] - Harrow is actively pursuing Medicare coverage for VEVYE, with expectations for coverage to be in place by early 2025 [14][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational momentum and growth potential for the second half of 2024, particularly with the relaunch of TRIESENCE [6][12] - Positive feedback from physicians regarding VEVYE's effectiveness and tolerability was highlighted, indicating strong market demand [10][12] Other Important Information - The company has a strong market access strategy, with VEVYE currently exceeding internal goals, covering over 166 million lives [9] - The company is focused on maintaining profitability while expanding its market presence and product offerings [51] Q&A Session Summary Question: Can you provide commentary on Medicare coverage for VEVYE? - The company is in the process of attaining Medicare coverage, which is expected to take 18 to 24 months from the product launch [14] Question: What is the size and scope of the VEVYE sales force? - The VEVYE sales force currently covers only 36 out of 59 markets, with plans to expand coverage in the coming quarters [15][16] Question: Can you discuss the reorder activity for IHEEZO? - The reorder rate for IHEEZO is currently at 87%, indicating strong interest from physicians [49] Question: What is driving the success in the Medicaid market for VEVYE? - The market access team has been successful in securing Medicaid coverage with zero co-pay for patients in large markets like Texas and California [23][51] Question: What is the expected market opportunity for IHEEZO and VEVYE? - The market opportunity for IHEEZO is significant, with over 17 million annual use cases in the US, while VEVYE targets a large population suffering from moderate to severe dry eye disease [56]

Harrow (HROW) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 48%. A quarter ago, it was expected that this pharmaceutical and drug compounding company would post a loss of $0.25 per share when it actually produced a loss of $0.28, delivering a surprise of -12%. Over the last four quarters, ...