4 Sell-Ranked Drug Stocks To Avoid Ahead Of Q2 Earnings

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Flexion Therapeutics, Inc. (FLXN - Free Report) : Burlington, MA-based Flexion is a specialty pharmaceutical company focused on the development and commercialization of novel, local therapies for the treatment of patients with musculoskeletal conditions, beginning with osteoarthritis. The Zacks Rank #4 stock, which missed loss estimates in two of the last four quarters, has a negative earnings ESP of 7.5% for the second quarter of 2017. Loss estimates for the June quarter and 2017 are up 1.3% and 0.6%, respectively, over the last 7 days. Flexion is expected to report second quarter results on Aug 2.

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Ignyta, Inc. (RXDX - Free Report) : San Diego, CA-based Ignyta is focused on precision medicine in oncology. The Zacks Rank #4 stock, which posted a wider-than-expected loss in two of the last three quarters, has a negative earnings ESP of 13.12% for the second quarter of 2017. Loss estimates for the June quarter and 2017 are up 17.3% and 1.9%, respectively, over the last 30 days. Ignyta is expected to report second quarter results on Aug 8.

 

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Anika Therapeutics, Inc. (ANIK - Free Report) : Bedford, MA-based Anika is a global, integrated orthopedic medicines company. The Zacks Rank #5 stock, which missed first quarter earnings estimates, has a negative earnings ESP of 4.55% for the second quarter of 2017. While earnings estimates for the June quarter are down 10.2% over the last 30 days, full year 2017 estimates are down 5.6% during this period. Anika will be reporting second quarter results on Jul 26. Year-to-date, the company’s shares are down 5.8%, underperforming the Zacks-categorized Medical-Biomedical/Genetics industry which is up almost 9%.

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