Alimera Sciences, Inc. (ALIM) Set to Announce Earnings on Tuesday
Alimera Sciences, Inc. (NASDAQ:ALIM) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 31st. Analysts expect Alimera Sciences to post earnings of ($0.05) per share for the quarter.
Alimera Sciences (NASDAQ:ALIM) last issued its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $10.40 million during the quarter, compared to analyst estimates of $10.20 million. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.17) earnings per share. On average, analysts expect Alimera Sciences to post $-0.22 EPS for the current fiscal year and $-0.03 EPS for the next fiscal year.
Shares of Alimera Sciences, Inc. (NASDAQ:ALIM) opened at 1.26 on Tuesday. The stock has a 50 day moving average price of $1.36 and a 200 day moving average price of $1.42. The firm’s market capitalization is $87.00 million. Alimera Sciences, Inc. has a 52 week low of $1.03 and a 52 week high of $1.72.
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A number of research firms recently issued reports on ALIM. HC Wainwright set a $5.00 price target on shares of Alimera Sciences and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Cowen and Company reissued a “buy” rating and issued a $3.00 price target on shares of Alimera Sciences in a research note on Tuesday, July 11th. Zacks Investment Research downgraded shares of Alimera Sciences from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, ValuEngine raised shares of Alimera Sciences from a “strong sell” rating to a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Alimera Sciences presently has an average rating of “Hold” and an average target price of $3.38.
Alimera Sciences Company Profile
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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