Brokerages Anticipate NewLink Genetics Corporation (NLNK) Will Post Quarterly Sales of $2.38 Million
Brokerages forecast that NewLink Genetics Corporation (NASDAQ:NLNK) will announce sales of $2.38 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for NewLink Genetics Corporation’s earnings. The highest sales estimate is $5.00 million and the lowest is $300,000.00. NewLink Genetics Corporation posted sales of $15.35 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 84.5%. The firm is expected to report its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that NewLink Genetics Corporation will report full year sales of $2.38 million for the current financial year, with estimates ranging from $13.13 million to $23.10 million. For the next financial year, analysts anticipate that the company will report sales of $12.20 million per share, with estimates ranging from $1.10 million to $20.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for NewLink Genetics Corporation.
NewLink Genetics Corporation (NASDAQ:NLNK) last released its quarterly earnings data on Friday, July 28th. The biotechnology company reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.21. The business had revenue of $10.37 million during the quarter, compared to analyst estimates of $2.65 million. NewLink Genetics Corporation had a negative return on equity of 55.03% and a negative net margin of 161.94%.
Several brokerages have commented on NLNK. ValuEngine cut shares of NewLink Genetics Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. Stifel Nicolaus upped their target price on shares of NewLink Genetics Corporation from $14.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, September 11th. Cantor Fitzgerald reissued a “buy” rating and issued a $26.00 price target on shares of NewLink Genetics Corporation in a report on Friday, September 8th. Robert W. Baird raised shares of NewLink Genetics Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $8.00 to $22.00 in a report on Friday, September 8th. Finally, Jefferies Group LLC raised shares of NewLink Genetics Corporation from a “hold” rating to a “buy” rating and boosted their price target for the company from $7.00 to $26.00 in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. NewLink Genetics Corporation has a consensus rating of “Buy” and an average target price of $24.17.
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Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in shares of NewLink Genetics Corporation by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,069 shares of the biotechnology company’s stock valued at $140,000 after buying an additional 556 shares during the period. State Street Corp boosted its stake in NewLink Genetics Corporation by 1.2% in the 2nd quarter. State Street Corp now owns 391,464 shares of the biotechnology company’s stock worth $2,875,000 after purchasing an additional 4,630 shares during the period. Tudor Investment Corp ET AL acquired a new position in NewLink Genetics Corporation in the 2nd quarter worth $286,000. PDT Partners LLC boosted its stake in NewLink Genetics Corporation by 160.2% in the 2nd quarter. PDT Partners LLC now owns 115,795 shares of the biotechnology company’s stock worth $851,000 after purchasing an additional 71,295 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in NewLink Genetics Corporation by 40.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 120,767 shares of the biotechnology company’s stock worth $888,000 after purchasing an additional 34,624 shares during the period. 54.78% of the stock is owned by institutional investors.
Shares of NewLink Genetics Corporation (NLNK) opened at 12.67 on Friday. The company’s market capitalization is $372.76 million. The stock’s 50 day moving average price is $8.51 and its 200 day moving average price is $12.83. NewLink Genetics Corporation has a 1-year low of $5.90 and a 1-year high of $25.17.
NewLink Genetics Corporation Company Profile
NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.
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