Brokerages Expect Sophiris Bio Inc (SPHS) to Post -$0.09 Earnings Per Share
Wall Street analysts forecast that Sophiris Bio Inc (NASDAQ:SPHS) will post earnings of ($0.09) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Sophiris Bio’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.08). Sophiris Bio posted earnings of ($0.13) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 30.8%. The firm is expected to announce its next quarterly earnings results on Monday, May 15th.
On average, analysts expect that Sophiris Bio will report full-year earnings of ($0.38) per share for the current fiscal year, with EPS estimates ranging from ($0.43) to ($0.33). For the next financial year, analysts forecast that the firm will post earnings of ($0.45) per share, with EPS estimates ranging from ($0.59) to ($0.33). Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Sophiris Bio.
Sophiris Bio (NASDAQ:SPHS) last announced its quarterly earnings results on Monday, March 27th. The biopharmaceutical company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.09.
Several equities research analysts have recently weighed in on the company. Maxim Group set a $6.00 price objective on Sophiris Bio and gave the company a “buy” rating in a research report on Saturday, March 25th. Rodman & Renshaw assumed coverage on Sophiris Bio in a research report on Monday, March 13th. They issued a “buy” rating and a $6.00 price objective for the company. Piper Jaffray Companies reissued an “overweight” rating and issued a $7.00 price objective on shares of Sophiris Bio in a research report on Thursday, April 6th. Finally, HC Wainwright assumed coverage on Sophiris Bio in a research report on Tuesday, March 14th. They issued a “buy” rating and a $6.00 price objective for the company. Six research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $6.33.
Several hedge funds and other institutional investors have recently modified their holdings of SPHS. Airain ltd raised its position in shares of Sophiris Bio by 99.1% in the third quarter. Airain ltd now owns 63,730 shares of the biopharmaceutical company’s stock worth $198,000 after buying an additional 31,713 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Sophiris Bio during the third quarter worth approximately $100,000. Finally, Oxford Asset Management purchased a new position in shares of Sophiris Bio during the fourth quarter worth approximately $491,000. Institutional investors and hedge funds own 5.99% of the company’s stock.
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Shares of Sophiris Bio (NASDAQ:SPHS) traded down 1.3012% during trading on Tuesday, hitting $2.5563. 158,631 shares of the stock traded hands. Sophiris Bio has a 52 week low of $0.80 and a 52 week high of $8.55. The company’s market cap is $76.97 million. The firm’s 50-day moving average price is $2.62 and its 200-day moving average price is $2.78.
Sophiris Bio Company Profile
Sophiris Bio, Inc, formerly Protox Therapeutics Inc, is a Canada-based biopharmaceutical company focused on the research, development and commercialization of products for the treatment of urological diseases. The Company has operations based in San Diego developing a treatment for benign prostatic hyperplasia (benign prostatic hyperplasia (BPH) or enlarged prostate).
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