Zacks: Analysts Anticipate CryoPort, Inc. (NASDAQ:CYRX) Will Announce Earnings of -$0.09 Per Share
Equities analysts expect CryoPort, Inc. (NASDAQ:CYRX) to post earnings of ($0.09) per share for the current quarter, according to Zacks. Two analysts have made estimates for CryoPort’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.08). CryoPort reported earnings of ($0.19) per share during the same quarter last year, which would indicate a positive year over year growth rate of 52.6%. The firm is expected to report its next earnings report after the market closes on Tuesday, August 8th.
According to Zacks, analysts expect that CryoPort will report full-year earnings of ($0.34) per share for the current financial year, with EPS estimates ranging from ($0.36) to ($0.32). For the next year, analysts expect that the firm will post earnings of ($0.26) per share, with EPS estimates ranging from ($0.27) to ($0.26). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover CryoPort.
CryoPort (NASDAQ:CYRX) last posted its quarterly earnings data on Thursday, May 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.04. The company had revenue of $2.71 million during the quarter, compared to analyst estimates of $2.59 million. CryoPort had a negative return on equity of 104.79% and a negative net margin of 137.99%.
CYRX has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $6.00 price objective on shares of CryoPort in a research note on Thursday, July 13th. ValuEngine upgraded CryoPort from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Janney Montgomery Scott initiated coverage on CryoPort in a research note on Wednesday, July 12th. They issued a “buy” rating and a $8.00 price objective for the company. Finally, Cowen and Company initiated coverage on CryoPort in a research note on Friday, June 16th. They issued an “outperform” rating and a $5.50 price objective for the company.
Shares of CryoPort (NASDAQ CYRX) opened at 7.04 on Thursday. CryoPort has a 1-year low of $1.80 and a 1-year high of $7.18. The company’s 50-day moving average price is $5.30 and its 200 day moving average price is $3.65. The company’s market cap is $168.78 million.
A hedge fund recently bought a new stake in CryoPort stock. Taylor Wealth Management Partners purchased a new position in CryoPort, Inc. (NASDAQ:CYRX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 376,240 shares of the company’s stock, valued at approximately $1,851,000. Taylor Wealth Management Partners owned about 1.57% of CryoPort at the end of the most recent quarter. 10.67% of the stock is currently owned by hedge funds and other institutional investors.
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Cryoport, Inc (Cryoport) is a provider of cryogenic logistics solutions to the life sciences industry through its purpose-built packaging, information technology and specialized cold chain logistics expertise. The Company provides logistics solutions for biologic materials, such as immunotherapies, stem cells, chimeric antigen receptors (CAR)-T cells, and reproductive cells for clients.
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