InMode (INMD) Dips More Than Broader Markets: What You Should Know

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

InMode (INMD) closed at $21.98 in the latest trading session, marking a -0.86% move from the prior day. This change lagged the S&P 500’s daily loss of 0.16%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 0.33%.

Prior to today’s trading, shares of the maker of cosmetic surgery devices had lost 19.62% over the past month. This has lagged the Medical sector’s loss of 8.16% and the S&P 500’s loss of 10.5% in that time.

Investors will be hoping for strength from INMD as it approaches its next earnings release

INMD’s full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $194.79 million. These results would represent year-over-year changes of +14.11% and +24.58%, respectively.

Investors should also note any recent changes to analyst estimates for INMD. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. INMD is currently a Zacks Rank #1 (Strong Buy).

Looking at its valuation, INMD is holding a Forward P/E ratio of 11.92. This valuation marks a discount compared to its industry’s average Forward P/E of 24.63.

Home of Science
Follow me

- Advertisement -

Discover

Sponsor

Latest

Matildas mania sweeps Australia ahead of England semi-finalon August 15, 2023 at 4:15 pm

The team's never-say-die attitude has captured a nation long known for its love of an underdog story.The team's never-say-die attitude has captured a nation...

Covid: Brazil hits 500,000 deaths amid ‘critical’ situationon June 20, 2021 at 7:25 am

Experts warn the outbreak could worsen amid a slow vaccination programme and the start of winter.Experts warn the outbreak could worsen amid a slow...

Man with life-limiting condition ‘stunned’ council took back short break savingson February 14, 2024 at 1:13 am

A man with a life-limiting condition is "stunned" his council "clawed back" money for short break.A man with a life-limiting condition is "stunned" his...

‘I’m Australian but Ukraine is part of my identity’on March 20, 2022 at 12:48 am

Despite being half a world away, Ukrainian-Australians say the war feels unbearably close.

David Amess killing: Suspect ‘admitted terror crime to police’on March 24, 2022 at 11:39 am

A jury hears from the unarmed police officers who confronted the suspected killer of David Amess MP.Image source, PA MediaThe man accused of killing...
Home of Science
Follow me