-$0.29 Earnings Per Share Expected for Inovio Pharmaceuticals Inc (INO) This Quarter
Wall Street brokerages expect that Inovio Pharmaceuticals Inc (NASDAQ:INO) will post earnings per share (EPS) of ($0.29) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Inovio Pharmaceuticals’ earnings. The lowest EPS estimate is ($0.33) and the highest is ($0.24). Inovio Pharmaceuticals reported earnings per share of ($0.36) during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The company is expected to report its next quarterly earnings report on Wednesday, March 21st.
On average, analysts expect that Inovio Pharmaceuticals will report full-year earnings of ($1.12) per share for the current financial year, with EPS estimates ranging from ($1.18) to ($1.03). For the next year, analysts expect that the firm will post earnings of ($1.28) per share, with EPS estimates ranging from ($1.47) to ($1.04). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Inovio Pharmaceuticals.
Inovio Pharmaceuticals (NASDAQ:INO) last posted its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.15). The business had revenue of $2.60 million for the quarter, compared to analyst estimates of $10.27 million. Inovio Pharmaceuticals had a negative return on equity of 72.19% and a negative net margin of 221.55%. The business’s revenue was down 79.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.28) earnings per share.
INO has been the topic of a number of recent research reports. ValuEngine lowered shares of Inovio Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. HC Wainwright set a $13.00 price target on shares of Inovio Pharmaceuticals and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada initiated coverage on shares of Inovio Pharmaceuticals in a research report on Wednesday, October 18th. They set an “outperform” rating and a $11.00 price target on the stock. Zacks Investment Research upgraded shares of Inovio Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, BidaskClub lowered shares of Inovio Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.16.
Hedge funds have recently modified their holdings of the business. Virginia Retirement Systems ET AL purchased a new position in Inovio Pharmaceuticals during the third quarter worth about $101,000. BlueCrest Capital Management Ltd purchased a new position in Inovio Pharmaceuticals during the second quarter worth about $107,000. Neuberger Berman Group LLC purchased a new position in Inovio Pharmaceuticals during the third quarter worth about $115,000. Engineers Gate Manager LP purchased a new position in Inovio Pharmaceuticals during the third quarter worth about $117,000. Finally, Emerald Advisers Inc. PA raised its stake in Inovio Pharmaceuticals by 84.0% during the third quarter. Emerald Advisers Inc. PA now owns 20,323 shares of the biopharmaceutical company’s stock worth $129,000 after purchasing an additional 9,280 shares during the period. 32.12% of the stock is currently owned by institutional investors.
Inovio Pharmaceuticals (INO) traded down $0.01 on Thursday, reaching $4.46. 740,946 shares of the company were exchanged, compared to its average volume of 1,290,000. The firm has a market capitalization of $402.72, a price-to-earnings ratio of -3.78 and a beta of 2.74. Inovio Pharmaceuticals has a 52-week low of $4.09 and a 52-week high of $9.86.
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Inovio Pharmaceuticals Company Profile
Inovio Pharmaceuticals, Inc (Inovio) is a clinical-stage pharmaceutical company, which is involved in developing deoxyribonucleic acid (DNA) immunotherapies and vaccines focused on treating and preventing cancers and infectious diseases. The Company’s DNA-based immunotherapies, in combination with its electroporation delivery devices, generates immune responses, in particular T cells, in the body to fight target diseases.
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