Zacks: Brokerages Anticipate Aptose Biosciences, Inc. (APTO) Will Announce Earnings of -$0.12 Per Share
Brokerages expect Aptose Biosciences, Inc. (NASDAQ:APTO) (TSE:APS) to report earnings of ($0.12) per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Aptose Biosciences’ earnings. Aptose Biosciences posted earnings of ($0.24) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The firm is scheduled to report its next earnings results on Monday, November 13th.
According to Zacks, analysts expect that Aptose Biosciences will report full-year earnings of ($0.57) per share for the current year. For the next fiscal year, analysts forecast that the company will post earnings of ($0.52) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Aptose Biosciences.
Aptose Biosciences (NASDAQ:APTO) (TSE:APS) last announced its quarterly earnings data on Tuesday, August 8th. The biotechnology company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.07.
APTO has been the subject of several analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $7.00 price target on shares of Aptose Biosciences in a report on Friday, May 12th. Rodman & Renshaw initiated coverage on shares of Aptose Biosciences in a report on Thursday, June 8th. They issued a “neutral” rating for the company. ValuEngine raised shares of Aptose Biosciences from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 12th. HC Wainwright initiated coverage on shares of Aptose Biosciences in a report on Thursday, June 8th. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised shares of Aptose Biosciences from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Aptose Biosciences presently has a consensus rating of “Buy” and a consensus price target of $6.50.
Shares of Aptose Biosciences (APTO) traded up 3.45% on Friday, reaching $1.50. 282,143 shares of the company’s stock traded hands. Aptose Biosciences has a one year low of $0.78 and a one year high of $3.20. The company’s 50-day moving average price is $1.48 and its 200 day moving average price is $1.22. The firm’s market cap is $36.04 million.
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About Aptose Biosciences
Aptose Biosciences Inc (Aptose) is a clinical-stage biotechnology company. The Company is engaged in the development of anticancer drugs that target specific epigenetic processes and signal transduction abnormalities that underlie a particular life-threatening malignancy. Its product pipeline includes cancer drug candidates that exert activity as stand-alone agents and that enhance the activities of other anticancer agents without causing overlapping toxicities.
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