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Can Vitae Pharmaceuticals (VTAE) Run Higher on Strong Earnings Estimate Revisions?

Vitae Pharmaceuticals, Inc. VTAE is a clinical stage biotechnology company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on VTAE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Vitae Pharmaceuticals could be a solid choice for investors.

Current Quarter Estimates for VTAE

In the past 30 days, 2 estimates has gone higher for Vitae Pharmaceuticals while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 57 cents a share 30 days ago, to a loss of 50 cents today, a move of 12.3%.

Current Year Estimates for VTAE

Meanwhile, Vitae Pharmaceuticals current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $2.18 per share 30 days ago, to a loss of $1.90 per share today, a move of 12.8%.

Bottom Line

The stock has also started to move higher lately, adding 56.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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VITAE PHARM INC (VTAE): Free Stock Analysis Report
 
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