Core Viewpoint - The recent upgrade of enGene Holdings Inc. to a Zacks Rank 1 (Strong Buy) reflects a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [5][6][7]. Earnings Estimates - For the fiscal year ending October 2025, enGene Holdings Inc. is expected to earn -$1.72 per share, representing a change of -17.8% from the previous year's reported number [4]. - Over the past three months, the Zacks Consensus Estimate for enGene Holdings Inc. has increased by 6.7% [9]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [8]. - The Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings across its universe of over 4000 stocks, ensuring that only the top 5% receive a 'Strong Buy' rating [10][12]. Institutional Investor Influence - Changes in earnings estimates are strongly correlated with near-term stock price movements, largely due to institutional investors who adjust their valuations based on these estimates [13][14]. - The upgrade of enGene Holdings Inc. to a Zacks Rank 1 positions it in the top 5% of Zacks-covered stocks, indicating potential for higher stock movement in the near term [17].
enGene Holdings Inc. (ENGN) Upgraded to Strong Buy: Here's Why