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Here's Why Veracyte (VCYT) is a Strong Momentum Stock
ZACKS· 2024-09-04 14:57
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed alo ...
Veracyte (VCYT) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2024-08-19 14:55
After reaching an important support level, Veracyte, Inc. (VCYT) could be a good stock pick from a technical perspective. VCYT recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving ...
Why Veracyte (VCYT) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-08-15 14:51
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...
Veracyte, Inc. (VCYT) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-08-14 14:16
Have you been paying attention to shares of Veracyte (VCYT) ? Shares have been on the move with the stock up 27.4% over the past month. The stock hit a new 52-week high of $32.86 in the previous session. Veracyte has gained 18.3% since the start of the year compared to the 8.2% move for the Zacks Medical sector and the 6.2% return for the Zacks Medical - Instruments industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our earning ...
Veracyte (VCYT) Q2 Earnings Beat Estimates, '24 Sales View Up
ZACKS· 2024-08-08 14:10
Veracyte (VCYT) delivered second-quarter 2024 adjusted diluted earnings of 30 cents per share, up a stupendous 150% from the year-ago period's level. The reported figure beat the Zacks Consensus Estimate of a loss of 3 cents per share. Revenues Revenues increased 26.7% year over year to $114.4 million, which outpaced the Zacks Consensus Estimate by 14%. Segmental Details Testing revenues totaled $107 million in the reported quarter, up 31% year over year. This rise was mainly due to increased Decipher and A ...
Diagnostic Tests Maker Veracyte's Q2 Is 'All-Around Very Good Quarter': Analysts Maintain Bullish View
Benzinga· 2024-08-07 18:08
On Tuesday, Veracyte, Inc VCYT reported second-quarter sales of $114.43 million, up 27% year over year, beating the consensus of $100.3 million. Testing revenue was $107.0 million, an increase of 31%, driven by the strong performance of our Decipher Prostate and Afirma tests. Total test volume grew to 39,023, an increase of 23% compared to the second quarter of 2023. During the quarter, the company achieved a record Decipher Prostate test volume of close to 19,900 tests, driven by recently updated NCCN pros ...
Veracyte (VCYT) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2024-08-06 23:27
分组1 - Veracyte reported quarterly earnings of $0.30 per share, exceeding the Zacks Consensus Estimate of a loss of $0.03 per share, and compared to a loss of $0.12 per share a year ago, representing an earnings surprise of 1,100% [1] - The company achieved revenues of $114.43 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 14.04%, and up from $90.32 million year-over-year [2] - Veracyte has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] 分组2 - The stock has underperformed the market, losing about 23.7% since the beginning of the year, while the S&P 500 gained 8.7% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.05 on revenues of $101.22 million, and for the current fiscal year, it is -$0.05 on revenues of $406.07 million [7] - The Medical - Instruments industry, to which Veracyte belongs, is currently in the top 40% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]
Veracyte (VCYT) Stock Jumps 13.2%: Will It Continue to Soar?
ZACKS· 2024-07-17 09:51
This molecular diagnostic company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +75%. Revenues are expected to be $100.34 million, up 11.1% from the year-ago quarter. For Veracyte, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on VCYT going forward ...
This Top Medical Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
ZACKS· 2024-07-08 17:49
But what's the best way to find the right combination of stocks? Because funding things like your retirement, your kids' college tuition, or your short- and long-term savings goals will definitely require significant returns. What is the Zacks Rank? Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform. Upside is the difference bet ...
3 Top-Ranked Efficient Stocks to Increase Your Portfolio Returns
ZACKS· 2024-06-25 12:40
Inventory Turnover, Receivables Turnover, Asset Utilization, and Operating Margin greater than the industry average Veracyte (VCYT) is a global diagnostics company that provides clinicians with valuable insights to diagnose and treat cancer. VCYT has an average four-quarter earnings surprise of 59.7%. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, ...