Zacks: Brokerages Expect GW Pharmaceuticals PLC (GWPH) Will Announce Earnings of -$1.39 Per Share
Wall Street analysts forecast that GW Pharmaceuticals PLC (NASDAQ:GWPH) will report earnings per share of ($1.39) for the current quarter, according to Zacks. Two analysts have made estimates for GW Pharmaceuticals PLC’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($2.12). GW Pharmaceuticals PLC reported earnings per share of ($0.89) in the same quarter last year, which suggests a negative year over year growth rate of 56.2%. The company is expected to announce its next earnings report on Monday, December 4th.
According to Zacks, analysts expect that GW Pharmaceuticals PLC will report full-year earnings of ($5.99) per share for the current year, with EPS estimates ranging from ($6.66) to ($5.04). For the next fiscal year, analysts expect that the firm will post earnings of ($6.43) per share, with EPS estimates ranging from ($6.96) to ($6.13). Zacks’ EPS averages are an average based on a survey of analysts that cover GW Pharmaceuticals PLC.
GW Pharmaceuticals PLC (NASDAQ:GWPH) last posted its earnings results on Monday, August 7th. The biopharmaceutical company reported ($2.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.73) by $0.34. The firm had revenue of $3.14 million during the quarter, compared to analyst estimates of $2.10 million. GW Pharmaceuticals PLC had a negative net margin of 1,384.41% and a negative return on equity of 28.80%. During the same period last year, the company posted ($0.05) EPS.
A number of analysts have recently commented on GWPH shares. BidaskClub raised GW Pharmaceuticals PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised GW Pharmaceuticals PLC from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research note on Monday, July 17th. Maxim Group set a $135.00 price objective on GW Pharmaceuticals PLC and gave the stock a “buy” rating in a research note on Thursday, June 8th. Leerink Swann reissued an “outperform” rating and issued a $160.00 price objective (down previously from $162.00) on shares of GW Pharmaceuticals PLC in a research note on Thursday, August 10th. Finally, ValuEngine raised GW Pharmaceuticals PLC from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. GW Pharmaceuticals PLC presently has an average rating of “Buy” and an average price target of $148.55.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. grew its holdings in shares of GW Pharmaceuticals PLC by 4.6% in the 1st quarter. Alliancebernstein L.P. now owns 286,475 shares of the biopharmaceutical company’s stock worth $34,646,000 after acquiring an additional 12,519 shares during the last quarter. Blair William & Co. IL acquired a new position in shares of GW Pharmaceuticals PLC in the 1st quarter worth $207,000. Victory Capital Management Inc. grew its holdings in shares of GW Pharmaceuticals PLC by 10.4% in the 1st quarter. Victory Capital Management Inc. now owns 283,025 shares of the biopharmaceutical company’s stock worth $34,229,000 after acquiring an additional 26,638 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in shares of GW Pharmaceuticals PLC by 23.3% in the 2nd quarter. Eqis Capital Management Inc. now owns 2,899 shares of the biopharmaceutical company’s stock worth $291,000 after acquiring an additional 547 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of GW Pharmaceuticals PLC by 10.3% in the 1st quarter. HighTower Advisors LLC now owns 2,044 shares of the biopharmaceutical company’s stock worth $247,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 75.07% of the company’s stock.
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GW Pharmaceuticals PLC (NASDAQ:GWPH) traded down 0.87% during mid-day trading on Friday, reaching $107.58. The company’s stock had a trading volume of 186,042 shares. The firm has a 50 day moving average price of $107.08 and a 200-day moving average price of $110.76. GW Pharmaceuticals PLC has a 1-year low of $92.65 and a 1-year high of $137.88. The company’s market capitalization is $2.72 billion.
About GW Pharmaceuticals PLC
GW Pharmaceuticals plc is a biopharmaceutical company focused on developing and commercializing therapeutics from its cannabinoid product platform in a range of disease areas. The Company’s lead cannabinoid product candidate is Epidiolex, which is a liquid formulation of pure plant-derived cannabidiol (CBD).
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