Yahoo Finance Brokers Are Upgrading Their Views On Geron Corporation (NASDAQ:GERN) With These New Forecasts
Geron Corporation (NASDAQ:GERN) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. Geron has also found favour with investors, with the stock up a worthy 11% to US$1.94 over the past week. We'll be curious to see if these new estimates convince the market to lift the stock price higher still.
Following the latest upgrade, the four analysts covering Geron provided consensus estimates of US$285k revenue in 2020, which would reflect a concerning 37% decline on its sales over the past 12 months. Before the latest update, the analysts were foreseeing US$227k of revenue in 2020. The consensus has definitely become more optimistic, showing a sizeable gain to revenue forecasts.
View our latest analysis for Geron
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would also point out that the forecast 37% revenue decline is better than the historical trend, which saw revenues shrink 60% annually over the past five years
The Bottom Line
The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They also expect company revenue to perform worse than the wider market. More bullish expectations could be a signal for investors to take a closer look at Geron.
Analysts are definitely bullish on Geron, but no company is perfect. Indeed, you should know that there are several potential concerns to be aware of, including major dilution from new stock issuance in the past year. For more information, you can click through to our platform to learn more about this and the 2 other flags we've identified .
Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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