Curis, Inc. (CRIS) Expected to Post Earnings of -$0.09 Per Share
Equities research analysts forecast that Curis, Inc. (NASDAQ:CRIS) will announce ($0.09) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Curis’ earnings, with estimates ranging from ($0.11) to ($0.07). Curis reported earnings of ($0.12) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The company is expected to report its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Curis will report full-year earnings of ($0.40) per share for the current year, with EPS estimates ranging from ($0.42) to ($0.35). For the next year, analysts anticipate that the firm will report earnings of ($0.40) per share, with EPS estimates ranging from ($0.49) to ($0.29). Zacks’ EPS averages are an average based on a survey of analysts that follow Curis.
Curis (NASDAQ:CRIS) last announced its earnings results on Thursday, August 3rd. The biotechnology company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Curis had a negative net margin of 836.18% and a negative return on equity of 236.43%. The business had revenue of $2.10 million for the quarter, compared to analysts’ expectations of $2.08 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The firm’s quarterly revenue was up 23.5% on a year-over-year basis.
CRIS has been the subject of several research reports. ValuEngine upgraded shares of Curis from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. BidaskClub cut shares of Curis from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Curis from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Curis presently has a consensus rating of “Hold” and a consensus price target of $5.50.
Several institutional investors and hedge funds have recently bought and sold shares of CRIS. Bank of America Corp DE lifted its stake in shares of Curis by 58.7% in the 1st quarter. Bank of America Corp DE now owns 36,348 shares of the biotechnology company’s stock valued at $101,000 after purchasing an additional 13,448 shares during the period. Prudential Financial Inc. acquired a new position in shares of Curis in the 1st quarter valued at $105,000. OxFORD Asset Management LLP acquired a new position in shares of Curis in the 2nd quarter valued at $115,000. Dynamic Technology Lab Private Ltd lifted its stake in shares of Curis by 22.3% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 41,922 shares of the biotechnology company’s stock valued at $117,000 after purchasing an additional 7,638 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of Curis by 21.8% in the 2nd quarter. Voya Investment Management LLC now owns 68,138 shares of the biotechnology company’s stock valued at $129,000 after purchasing an additional 12,207 shares during the period. Hedge funds and other institutional investors own 50.94% of the company’s stock.
Shares of Curis (NASDAQ CRIS) opened at 1.6032 on Tuesday. The stock’s market capitalization is $230.67 million. Curis has a one year low of $1.47 and a one year high of $3.72. The firm’s 50-day moving average is $1.81 and its 200-day moving average is $2.12.
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Curis, Inc is a biotechnology company seeking to develop and commercialize drug candidates for the treatment of cancers. The Company’s drug candidate is CUDC-907, an orally-available, small molecule inhibitor of histone deacetylase (HDAC) and phosphatidylinositol-3-kinase (PI3K) enzymes. CUDC-907 is an oral, dual inhibitor of Class I and II HDAC, as well as Class I PI3K enzymes.
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