Why Is Exelixis (EXEL) Down 7.2% Since Last Earnings Report?
A month has gone by since the last earnings report for Exelixis (EXEL) . Shares have lost about 7.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Exelixis due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, est ...