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

Darrell Kelley: Using His New Song to Defend the Royal Family

Darrell Kelley is a talented musical artist and producer whose hits include “The Coronavirus,” “Vote Him Out,” and “Because of You.”   He is...

Watch Movies Online, View TV Shows and DVD’s

Watch Movies Online, View TV Shows and DVD'sWhen it comes to movies, TV shows and even movies that you can watch online, Netflix...

‘Curry is a special, special player – he could be another McCaw’on March 17, 2021 at 2:05 pm

England flanker Tom Curry could develop into a player to match All Black great Richie McCaw, says forwards coach Matt Proudfoot.Venue: Aviva Stadium, Dublin...

Week in pictures: 17 – 23 April 2021on April 23, 2021 at 11:32 pm

A selection of powerful images taken around the world this week.A selection of powerful news photographs taken around the world this weekimage copyrightAdnan Abidi...

Apollo 11 astronaut Michael Collins dies at 90on April 28, 2021 at 7:11 pm

Michael Collins stayed in orbit as Neil Armstrong and Buzz Aldrin walked on the Moon in 1969.Michael Collins stayed in orbit as Neil Armstrong...
Home of Science
Follow me