Pfenex Inc (PFNX) to Release Quarterly Earnings on Tuesday
Pfenex Inc (NYSEMKT:PFNX) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.56) per share for the quarter.
Pfenex (NYSEMKT:PFNX) last issued its quarterly earnings results on Wednesday, August 9th. The biotechnology company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.06). The business had revenue of $3.03 million for the quarter, compared to analyst estimates of $3.10 million. Pfenex had a negative return on equity of 75.61% and a negative net margin of 406.87%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.43) EPS. On average, analysts expect Pfenex to post $-2.09 EPS for the current fiscal year and $-2.48 EPS for the next fiscal year.
Shares of Pfenex Inc (PFNX) opened at 2.91 on Tuesday. The firm has a market cap of $68.47 million, a PE ratio of 46.94 and a beta of 4.65. The stock’s 50 day moving average is $3.01 and its 200 day moving average is $3.97. Pfenex Inc has a 12 month low of $2.54 and a 12 month high of $11.35.
Several research firms recently commented on PFNX. Zacks Investment Research raised Pfenex from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Tuesday, October 24th. William Blair reissued an “ourperform” rating on shares of Pfenex in a research report on Friday, September 8th. Finally, ValuEngine lowered Pfenex from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.
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Pfenex Company Profile
Pfenex Inc is a clinical-stage biotechnology company. The Company is engaged in the development of biosimilar and therapeutic equivalent products to branded therapeutics and other high-value and difficult-to-manufacture proteins. Its lead product candidate is PF582, a biosimilar candidate to Lucentis (ranibizumab).
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