Why Sientra Stock Is Soaring Today
On Thursday, medical aesthetic products manufacturer Sientra (NASDAQ: SIEN) reported preliminary results for its fourth quarter and full-year 2020. They were enough to impress investors, and as a result, the company's stock is rising sharply on Friday. As of 1:08 p.m. EST, Sientra's shares are up by 16.1%, after jumping by as much as 31.7% earlier in the day.
For its fourth quarter ending Dec. 31, 2020, Sientra expects to report net sales of $22.6 million. And while that represents a 2% year-over-year decrease, let's not forget that the company has faced significant headwinds because of the pandemic. The average analyst forecast for Sientra's net sales for the fourth quarter is $16.83 million, meaning the company's top line will likely exceed expectations. Sientra has its breast aesthetics products to thank for that.
Image source: Getty Images.
Source Fool.com
