InMode Stock Up On Day But Lagging Broader Market Recently As Earnings Expected To Decline
• InMode (INMD) stock rose 1.96% on latest close, outpacing broader market gains • INMD stock has lagged its sector and S&P 500 in past month, down 3.59% • INMD earnings projected to decline 20.51% year-over-year in upcoming quarterly report • Analyst estimate revisions correlate to future stock performance; INMD estimates moved 7.94% lower recently • At current levels, INMD trades at discount Forward P/E of 7.94 compared to medical products industry average of 21.31