Equities analysts expect Agios Pharmaceuticals Inc (NASDAQ:AGIO) to announce ($1.85) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Agios Pharmaceuticals’ earnings, with estimates ranging from ($1.95) to ($1.71). Agios Pharmaceuticals reported earnings of ($1.63) per share in the same quarter last year, which would indicate a negative year over year growth rate of 13.5%. The firm is expected to announce its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that Agios Pharmaceuticals will report full year earnings of ($7.12) per share for the current fiscal year, with EPS estimates ranging from ($7.42) to ($6.88). For the next year, analysts forecast that the company will post earnings of ($7.04) per share, with EPS estimates ranging from ($7.95) to ($6.62). Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Agios Pharmaceuticals.

Agios Pharmaceuticals (NASDAQ:AGIO) last announced its earnings results on Thursday, August 1st. The biopharmaceutical company reported ($1.87) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.70) by ($0.17). Agios Pharmaceuticals had a negative net margin of 383.05% and a negative return on equity of 59.89%. The company had revenue of $26.22 million for the quarter, compared to analysts’ expectations of $27.05 million. During the same period in the previous year, the firm earned ($1.19) EPS. The firm’s quarterly revenue was down 35.1% on a year-over-year basis.

AGIO has been the topic of a number of analyst reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a $55.00 price objective on shares of Agios Pharmaceuticals in a report on Thursday, May 23rd. BidaskClub downgraded shares of Agios Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Friday, September 6th. Royal Bank of Canada set a $89.00 target price on shares of Agios Pharmaceuticals and gave the company a “buy” rating in a report on Friday, August 2nd. Cowen reissued a “buy” rating on shares of Agios Pharmaceuticals in a research report on Friday, May 31st. Finally, Zacks Investment Research upgraded shares of Agios Pharmaceuticals from a “sell” rating to a “hold” rating and set a $46.00 price target on the stock in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Agios Pharmaceuticals currently has a consensus rating of “Hold” and an average target price of $72.50.

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Agios Pharmaceuticals by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 182,150 shares of the biopharmaceutical company’s stock valued at $8,399,000 after purchasing an additional 39,255 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Agios Pharmaceuticals by 14.6% in the 4th quarter. Geode Capital Management LLC now owns 546,568 shares of the biopharmaceutical company’s stock worth $25,202,000 after buying an additional 69,603 shares during the last quarter. Creative Planning purchased a new position in shares of Agios Pharmaceuticals in the 1st quarter worth about $255,000. Virginia Retirement Systems ET AL bought a new position in Agios Pharmaceuticals during the first quarter valued at about $303,000. Finally, BNP Paribas Arbitrage SA grew its position in Agios Pharmaceuticals by 17.1% during the first quarter. BNP Paribas Arbitrage SA now owns 13,721 shares of the biopharmaceutical company’s stock valued at $925,000 after buying an additional 2,000 shares during the period.

NASDAQ AGIO traded up $2.32 on Friday, reaching $37.90. The company had a trading volume of 699,998 shares, compared to its average volume of 525,564. The company has a quick ratio of 5.91, a current ratio of 5.96 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average is $41.07 and its 200 day moving average is $51.55. Agios Pharmaceuticals has a 52-week low of $33.17 and a 52-week high of $79.17. The stock has a market capitalization of $1.97 billion, a P/E ratio of -6.29 and a beta of 2.22.

Agios Pharmaceuticals Company Profile

Agios Pharmaceuticals, Inc is a biopharmaceutical company, which engages in the discovery and development of novel investigational medicines to treat cancer and rare genetic diseases. It focuses on diseases that are directly caused by changes in genes or chromosomes, often passed from one generation to the next.

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Earnings History and Estimates for Agios Pharmaceuticals (NASDAQ:AGIO)

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