Brokers Set Expectations for Eyegate Pharmaceuticals, Inc.’s Q3 2017 Earnings (EYEG)
Eyegate Pharmaceuticals, Inc. (NASDAQ:EYEG) – Analysts at Zacks Investment Research increased their Q3 2017 earnings per share estimates for Eyegate Pharmaceuticals in a research report issued to clients and investors on Tuesday. Zacks Investment Research analyst B. Marckx now expects that the specialty pharmaceutical company will post earnings per share of ($0.22) for the quarter, up from their previous estimate of ($0.35). Zacks Investment Research also issued estimates for Eyegate Pharmaceuticals’ Q4 2017 earnings at ($0.22) EPS, FY2017 earnings at ($0.97) EPS, FY2018 earnings at ($0.53) EPS and FY2019 earnings at ($0.42) EPS.
Eyegate Pharmaceuticals (NASDAQ:EYEG) last posted its quarterly earnings results on Monday, May 8th. The specialty pharmaceutical company reported ($0.39) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.39). Eyegate Pharmaceuticals had a negative net margin of 1,737.29% and a negative return on equity of 840.69%. The company had revenue of $0.19 million during the quarter, compared to the consensus estimate of $0.22 million.
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Several other research firms have also commented on EYEG. Noble Financial reissued a “buy” rating on shares of Eyegate Pharmaceuticals in a research note on Friday, May 19th. HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of Eyegate Pharmaceuticals in a research note on Wednesday, June 14th.
Shares of Eyegate Pharmaceuticals (NASDAQ:EYEG) opened at 1.12 on Thursday. Eyegate Pharmaceuticals has a 52-week low of $1.10 and a 52-week high of $3.90. The stock’s 50 day moving average is $1.32 and its 200-day moving average is $1.86. The firm’s market capitalization is $12.18 million.
About Eyegate Pharmaceuticals
Eyegate Pharmaceuticals, Inc is a clinical-stage specialty pharmaceutical company. The Company is focused on developing and commercializing therapeutics and drug delivery systems for treating diseases of the eye. The Company’s lead product, EGP-437, incorporates a reformulated topically active corticosteroid, dexamethasone phosphate, which is delivered into the ocular tissues through its drug delivery system, the EyeGate II Delivery System.
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