Analysts Anticipate MediWound Ltd. (MDWD) Will Post Quarterly Sales of $740,000.00
Equities analysts expect that MediWound Ltd. (NASDAQ:MDWD) will post $740,000.00 in sales for the current quarter, Zacks reports. Three analysts have made estimates for MediWound’s earnings. The highest sales estimate is $820,000.00 and the lowest is $600,000.00. MediWound reported sales of $520,000.00 during the same quarter last year, which indicates a positive year-over-year growth rate of 42.3%. The firm is expected to issue its next earnings report on Monday, November 13th.
According to Zacks, analysts expect that MediWound will report full year sales of $740,000.00 for the current year, with estimates ranging from $2.50 million to $3.40 million. For the next fiscal year, analysts expect 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 calculations are a mean average based on a survey of sell-side research firms that that provide coverage for MediWound.
MediWound (NASDAQ:MDWD) last issued its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). MediWound had a negative return on equity of 326.32% and a negative net margin of 752.78%. The company had revenue of $0.69 million for the quarter, compared to the consensus estimate of $0.69 million. During the same period in the prior year, the company earned ($0.34) EPS. The firm’s revenue was up 93.8% compared to the same quarter last year.
MDWD has been the subject of several research analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $10.00 target price on shares of MediWound in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. set a $10.00 target price on MediWound and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised MediWound from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Wednesday, October 4th. Cowen and Company initiated coverage on MediWound in a research note on Thursday, September 28th. They set an “outperform” rating and a $9.00 target price for the company. Finally, ValuEngine raised MediWound from a “strong sell” rating to a “sell” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $9.15.
Shares of MediWound (MDWD) traded down 2.49% during midday trading on Wednesday, reaching $4.90. 53,592 shares of the company’s stock were exchanged. The company’s 50 day moving average is $5.28 and its 200-day moving average is $6.30. MediWound has a 12 month low of $4.25 and a 12 month high of $8.25. The stock’s market cap is $107.57 million.
Several institutional investors have recently added to or reduced their stakes in MDWD. Wells Fargo & Company MN increased its stake in shares of MediWound by 19.7% in the first quarter. Wells Fargo & Company MN now owns 53,241 shares of the biopharmaceutical company’s stock valued at $351,000 after buying an additional 8,745 shares during the period. Wellington Management Group LLP increased its stake in shares of MediWound by 11.0% in the first quarter. Wellington Management Group LLP now owns 2,157,839 shares of the biopharmaceutical company’s stock valued at $14,241,000 after buying an additional 213,745 shares during the period. Renaissance Technologies LLC increased its stake in shares of MediWound by 1.7% in the first quarter. Renaissance Technologies LLC now owns 75,600 shares of the biopharmaceutical company’s stock valued at $499,000 after buying an additional 1,300 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of MediWound by 20.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,028,112 shares of the biopharmaceutical company’s stock valued at $13,791,000 after buying an additional 342,165 shares during the period. Finally, Nationwide Fund Advisors acquired a new position in shares of MediWound in the third quarter valued at approximately $1,538,000. 19.54% of the stock is owned by institutional investors.
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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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