Proteostasis Therapeutics Inc (PTI) Expected to Post Earnings of -$0.65 Per Share
Analysts forecast that Proteostasis Therapeutics Inc (NASDAQ:PTI) will report earnings of ($0.65) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Proteostasis Therapeutics’ earnings, with estimates ranging from ($0.72) to ($0.61). Proteostasis Therapeutics posted earnings of ($0.38) per share in the same quarter last year, which would suggest a negative year over year growth rate of 71.1%. The business is scheduled to issue its next earnings report on Thursday, March 29th.
On average, analysts expect that Proteostasis Therapeutics will report full-year earnings of ($2.47) per share for the current financial year, with EPS estimates ranging from ($2.56) to ($2.40). For the next fiscal year, analysts forecast that the business will report earnings of ($2.21) per share, with EPS estimates ranging from ($2.81) to ($1.49). Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Proteostasis Therapeutics.
Proteostasis Therapeutics (NASDAQ:PTI) last posted its quarterly earnings results on Tuesday, November 14th. The company reported ($0.56) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.72) by $0.16. Proteostasis Therapeutics had a negative net margin of 712.49% and a negative return on equity of 93.15%. The business had revenue of $1.55 million for the quarter, compared to analysts’ expectations of $1.38 million.
A number of equities research analysts recently commented on the stock. Leerink Swann reissued an “outperform” rating and issued a $9.00 price objective (down from $17.00) on shares of Proteostasis Therapeutics in a research note on Wednesday, August 16th. Zacks Investment Research cut shares of Proteostasis Therapeutics from a “hold” rating to a “sell” rating in a research note on Saturday, November 18th.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of Proteostasis Therapeutics by 425.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,124,602 shares of the company’s stock worth $2,361,000 after purchasing an additional 910,550 shares during the last quarter. Bain Capital Public Equity Management LLC acquired a new stake in shares of Proteostasis Therapeutics during the 2nd quarter worth about $1,233,000. Jennison Associates LLC boosted its stake in shares of Proteostasis Therapeutics by 6.2% during the 2nd quarter. Jennison Associates LLC now owns 2,075,439 shares of the company’s stock worth $9,713,000 after purchasing an additional 120,575 shares during the last quarter. FMR LLC boosted its stake in shares of Proteostasis Therapeutics by 2.3% during the 2nd quarter. FMR LLC now owns 2,944,915 shares of the company’s stock worth $13,782,000 after purchasing an additional 66,111 shares during the last quarter. Finally, Sabby Management LLC boosted its stake in shares of Proteostasis Therapeutics by 109.6% during the 2nd quarter. Sabby Management LLC now owns 125,151 shares of the company’s stock worth $586,000 after purchasing an additional 65,451 shares during the last quarter. 68.08% of the stock is currently owned by hedge funds and other institutional investors.
Proteostasis Therapeutics (NASDAQ PTI) traded down $0.12 during trading hours on Wednesday, hitting $2.41. 65,332 shares of the stock were exchanged, compared to its average volume of 186,912. Proteostasis Therapeutics has a fifty-two week low of $1.41 and a fifty-two week high of $16.67.
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Proteostasis Therapeutics Company Profile
Proteostasis Therapeutics, Inc is a biopharmaceutical company. The Company is engaged in discovery and development of therapeutics that treat diseases caused by an imbalance in the proteostasis network, a set of pathways that control protein biosynthesis, folding, trafficking and clearance. It has developed the Disease Relevant Translation (DRT) technology platform, a drug screening approach for identifying highly translatable therapeutics based on predictive and functionally pertinent phenotypic assays and disease relevant models.
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