Hims & Hers Health, Inc. (HIMS) Increases Despite Market Slip: Here's What You Need to Know

Stock Performance - Hims & Hers Health, Inc closed at $31 86, up 1 01% from the previous session, outperforming the S&P 500 which lost 0 47%, the Dow which dropped 0 31%, and the Nasdaq which decreased by 0 51% [1] - The stock has risen 30 44% over the past month, leading the Medical sector's gain of 3 2% and the S&P 500's gain of 1 67% [1] Earnings and Revenue Forecast - The company is forecasted to report an EPS of$ 0 12, a 1100% increase from the same quarter last year [2] - Revenue is expected to be $471 42 million, a 91 15% increase compared to the same quarter of the previous year [2] Analyst Estimates and Zacks Rank - Recent changes in analyst estimates reflect near-term business trends, with positive revisions indicating confidence in the company's performance [3] - The Zacks Rank system, which integrates estimate changes, has a strong track record, with 1 ranked stocks averaging a 25% annual return since 1988 [5] - Hims & Hers Health, Inc currently holds a Zacks Rank of 3 (Hold) [5] Valuation and Industry Rank - The company is trading at a Forward P/E ratio of 60 16, higher than the industry average of 35 99, indicating a premium valuation [6] - The Medical Info Systems industry, part of the Medical sector, has a Zacks Industry Rank of 44, placing it in the top 18% of all industries [6] - The top 50% of industries by Zacks Industry Rank outperform the bottom half by a factor of 2 to 1 [7]