Zacks: Analysts Anticipate Adaptimmune Therapeutics PLC (ADAP) Will Announce Earnings of -$0.27 Per Share
Brokerages expect Adaptimmune Therapeutics PLC (NASDAQ:ADAP) to announce earnings per share (EPS) of ($0.27) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Adaptimmune Therapeutics PLC’s earnings, with the lowest EPS estimate coming in at ($0.28) and the highest estimate coming in at ($0.24). Adaptimmune Therapeutics PLC reported earnings per share of ($0.24) in the same quarter last year, which suggests a negative year over year growth rate of 12.5%. The business is expected to announce its next earnings report on Thursday, November 9th.
On average, analysts expect that Adaptimmune Therapeutics PLC will report full-year earnings of ($0.95) per share for the current fiscal year, with EPS estimates ranging from ($1.12) to ($0.54). For the next fiscal year, analysts expect that the firm will post earnings of ($0.90) per share, with EPS estimates ranging from ($1.28) to ($0.24). Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Adaptimmune Therapeutics PLC.
Adaptimmune Therapeutics PLC (NASDAQ:ADAP) last released its quarterly earnings results on Thursday, August 3rd. The biotechnology company reported ($0.24) EPS for the quarter, hitting the consensus estimate of ($0.24). Adaptimmune Therapeutics PLC had a negative return on equity of 38.73% and a negative net margin of 438.00%. The business had revenue of $3.52 million during the quarter, compared to analyst estimates of $5.43 million.
A number of analysts have recently commented on the company. Leerink Swann restated an “outperform” rating and set a $15.00 price objective on shares of Adaptimmune Therapeutics PLC in a report on Friday, September 8th. BidaskClub upgraded Adaptimmune Therapeutics PLC from a “sell” rating to a “hold” rating in a report on Friday, August 25th. ValuEngine upgraded Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a report on Thursday, July 20th. Zacks Investment Research downgraded Adaptimmune Therapeutics PLC from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Cowen and Company restated a “buy” rating on shares of Adaptimmune Therapeutics PLC in a report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.08.
Institutional investors have recently made changes to their positions in the stock. AXA purchased a new stake in Adaptimmune Therapeutics PLC during the 1st quarter worth $4,959,000. Alps Advisors Inc. boosted its position in Adaptimmune Therapeutics PLC by 4.9% during the 2nd quarter. Alps Advisors Inc. now owns 63,892 shares of the biotechnology company’s stock worth $287,000 after purchasing an additional 2,996 shares during the period. Point72 Asset Management L.P. purchased a new stake in Adaptimmune Therapeutics PLC during the 1st quarter worth $2,883,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Adaptimmune Therapeutics PLC during the 1st quarter worth $120,000. Finally, Vident Investment Advisory LLC boosted its position in Adaptimmune Therapeutics PLC by 20.0% during the 1st quarter. Vident Investment Advisory LLC now owns 232,641 shares of the biotechnology company’s stock worth $1,282,000 after purchasing an additional 38,772 shares during the period. 68.01% of the stock is owned by hedge funds and other institutional investors.
Adaptimmune Therapeutics PLC Company Profile
Adaptimmune Therapeutics plc is a clinical-stage biopharmaceutical company. The Company is focused on cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. The Company has developed a platform that enables it to identify cancer targets, find and genetically engineer TCR, and produce TCR therapeutic candidates for administration to patients.
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