Alimera Sciences, Inc. (ALIM) to Release Quarterly Earnings on Tuesday
Alimera Sciences, Inc. (NASDAQ:ALIM) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.
Alimera Sciences (NASDAQ:ALIM) last announced its earnings results on Monday, May 8th. The biopharmaceutical company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.02. The company had revenue of $6.62 million for the quarter, compared to the consensus estimate of $8.80 million. During the same period in the previous year, the business earned ($0.22) EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, analysts expect Alimera Sciences to post $-0.25 EPS for the current fiscal year and $0.04 EPS for the next fiscal year.
Shares of Alimera Sciences, Inc. (NASDAQ ALIM) opened at 1.46 on Tuesday. The stock’s market capitalization is $94.76 million. Alimera Sciences, Inc. has a 52-week low of $1.01 and a 52-week high of $2.40. The firm’s 50-day moving average is $1.40 and its 200 day moving average is $1.37.
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ALIM has been the subject of several research reports. Zacks Investment Research raised shares of Alimera Sciences from a “sell” rating to a “hold” rating in a research report on Thursday, March 30th. Rodman & Renshaw started coverage on shares of Alimera Sciences in a research note on Thursday, April 27th. They set a “buy” rating and a $4.00 price objective for the company. HC Wainwright set a $5.00 price objective on shares of Alimera Sciences and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Cowen and Company restated a “buy” rating and set a $3.00 price target on shares of Alimera Sciences in a research note on Tuesday, July 11th. Finally, ValuEngine raised shares of Alimera Sciences from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $3.38.
About Alimera Sciences
Alimera Sciences, Inc (Alimera) is a pharmaceutical company. The Company is engaged in the research, development and commercialization of prescription ophthalmic pharmaceuticals. The Company operates through two segments: U.S. and International. The Company focuses on diseases affecting the back of the eye or retina.
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