Zacks: Brokerages Expect MediWound Ltd. (MDWD) Will Post Quarterly Sales of $740,000.00
Brokerages expect MediWound Ltd. (NASDAQ:MDWD) to announce sales of $740,000.00 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for MediWound’s earnings, with the lowest sales estimate coming in at $600,000.00 and the highest estimate coming in at $820,000.00. MediWound reported sales of $520,000.00 in the same quarter last year, which indicates a positive year-over-year growth rate of 42.3%. The company is expected to issue its next quarterly earnings results on Monday, November 13th.
According to Zacks, analysts expect that MediWound will report full-year sales of $740,000.00 for the current financial year, with estimates ranging from $2.50 million to $3.40 million. For the next financial year, analysts anticipate that the company will post sales of $8.70 million per share, with estimates ranging from $5.80 million to $11.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for MediWound.
MediWound (NASDAQ:MDWD) last released its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.01). The business had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $0.69 million. MediWound had a negative return on equity of 326.32% and a negative net margin of 752.78%. The firm’s quarterly revenue was up 93.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.34) earnings per share.
Several research firms recently weighed in on MDWD. Zacks Investment Research downgraded MediWound from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Aegis reiterated a “buy” rating and issued a $11.00 target price on shares of MediWound in a report on Thursday, May 25th. SunTrust Banks, Inc. reiterated a “buy” rating on shares of MediWound in a report on Monday, June 26th. Finally, Jefferies Group LLC set a $10.00 target price on shares of MediWound and gave the stock a “buy” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $9.19.
Shares of MediWound (NASDAQ:MDWD) opened at 6.10 on Friday. The stock has a 50 day moving average of $6.37 and a 200-day moving average of $6.53. The stock’s market capitalization is $133.92 million. MediWound has a 52-week low of $4.25 and a 52-week high of $8.58.
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A number of institutional investors have recently made changes to their positions in MDWD. Wells Fargo & Company MN grew its stake in shares of MediWound by 19.7% during the first quarter. Wells Fargo & Company MN now owns 53,241 shares of the biopharmaceutical company’s stock worth $351,000 after acquiring an additional 8,745 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of MediWound by 1.7% during the first quarter. Renaissance Technologies LLC now owns 75,600 shares of the biopharmaceutical company’s stock worth $499,000 after acquiring an additional 1,300 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of MediWound by 20.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,028,112 shares of the biopharmaceutical company’s stock worth $13,791,000 after acquiring an additional 342,165 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of MediWound by 11.0% during the first quarter. Wellington Management Group LLP now owns 2,157,839 shares of the biopharmaceutical company’s stock worth $14,241,000 after acquiring an additional 213,745 shares during the last quarter. Institutional investors and hedge funds own 23.47% of the company’s stock.
MediWound Company Profile
MediWound Ltd. is a biopharmaceutical company. The Company focuses on developing, manufacturing and commercializing therapeutics products in the fields of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders and other indications. The Company’s product, NexoBrid, is indicated for the removal of dead or damaged tissue, known as eschar, in adults with deep partial- and full-thickness thermal burns, also referred to as severe burns.
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