Adaptimmune Therapeutics PLC (ADAP) Expected to Post Earnings of -$0.24 Per Share
Wall Street brokerages expect Adaptimmune Therapeutics PLC (NASDAQ:ADAP) to post earnings per share of ($0.24) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Adaptimmune Therapeutics PLC’s earnings, with estimates ranging from ($0.31) to ($0.18). Adaptimmune Therapeutics PLC posted earnings per share of ($0.31) in the same quarter last year, which indicates a positive year over year growth rate of 22.6%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Adaptimmune Therapeutics PLC will report full year earnings of ($0.99) per share for the current financial year, with EPS estimates ranging from ($1.30) to ($0.76). For the next financial year, analysts forecast that the business will report earnings of ($1.01) per share, with EPS estimates ranging from ($1.28) to ($0.59). Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Adaptimmune Therapeutics PLC.
Adaptimmune Therapeutics PLC (NASDAQ:ADAP) last issued its quarterly earnings results on Wednesday, May 10th. The biotechnology company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.06. Adaptimmune Therapeutics PLC had a negative return on equity of 41.40% and a negative net margin of 550.22%. The business had revenue of $2.86 million during the quarter, compared to the consensus estimate of $5.07 million.
Several research firms recently issued reports on ADAP. BidaskClub upgraded Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a report on Saturday. Cowen and Company reiterated a “buy” rating on shares of Adaptimmune Therapeutics PLC in a report on Tuesday, June 6th. Finally, Wells Fargo & Company began coverage on Adaptimmune Therapeutics PLC in a report on Friday, March 17th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.83.
Shares of Adaptimmune Therapeutics PLC (NASDAQ ADAP) traded down 0.63% during midday trading on Tuesday, reaching $4.75. 203,064 shares of the company’s stock traded hands. Adaptimmune Therapeutics PLC has a 52-week low of $3.76 and a 52-week high of $9.09.
A number of institutional investors have recently added to or reduced their stakes in ADAP. Raymond James Financial Services Advisors Inc. bought a new position in Adaptimmune Therapeutics PLC during the first quarter valued at $120,000. KCG Holdings Inc. bought a new position in Adaptimmune Therapeutics PLC during the first quarter valued at $133,000. Monashee Investment Management LLC bought a new position in Adaptimmune Therapeutics PLC during the first quarter valued at $138,000. Paloma Partners Management Co bought a new position in Adaptimmune Therapeutics PLC during the first quarter valued at $165,000. Finally, Creative Planning raised its position in Adaptimmune Therapeutics PLC by 32.8% in the first quarter. Creative Planning now owns 40,500 shares of the biotechnology company’s stock valued at $223,000 after buying an additional 10,000 shares during the last quarter. 56.15% of the stock is currently owned by hedge funds and other institutional investors.
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About Adaptimmune Therapeutics PLC
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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