Ceres (CERE) Set to Announce Earnings on Thursday
Ceres (NASDAQ:CERE) is set to post its Q1 quarterly earnings results after the market closes on Thursday, January 9th. Investors interested in participating in the company’s conference call can do so using this link.
Ceres (NASDAQ:CERE) last announced its earnings results on Tuesday, November 19th. The company reported ($0.29) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.32) by $0.03. The company had revenue of $898.00 million for the quarter, compared to the consensus estimate of $898.00 million. During the same quarter last year, the company posted ($0.27) earnings per share. On average, analysts expect Ceres to post $-0.99 EPS for the current fiscal year and $-0.62 EPS for the next fiscal year.
Shares of Ceres (NASDAQ:CERE) opened at 1.68 on Wednesday. Ceres has a one year low of $1.10 and a one year high of $5.60. The stock’s 50-day moving average is $1.56 and its 200-day moving average is $1.72. The company’s market cap is $42.4 million.
On a related note, analysts at Sidoti downgraded shares of Ceres from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 25th. Four research analysts have rated the stock with a hold rating, Ceres has an average rating of “Hold” and an average price target of $5.28.
Ceres, Inc (NASDAQ:CERE) is an agricultural biotechnology company selling seeds to produce renewable biomass feedstocks.
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