$12.59 Million in Sales Expected for Reata Pharmaceuticals, Inc. (RETA) This Quarter
Analysts expect that Reata Pharmaceuticals, Inc. (NASDAQ:RETA) will report sales of $12.59 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Reata Pharmaceuticals’ earnings. The highest sales estimate is $12.81 million and the lowest is $12.45 million. Reata Pharmaceuticals posted sales of $12.55 million during the same quarter last year, which indicates a positive year over year growth rate of 0.3%. The company is scheduled to announce its next earnings results on Monday, November 13th.
On average, analysts expect that Reata Pharmaceuticals will report full year sales of $12.59 million for the current year, with estimates ranging from $45.00 million to $51.15 million. For the next year, analysts expect that the firm will post sales of $50.06 million per share, with estimates ranging from $49.46 million to $50.42 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Reata Pharmaceuticals.
A number of research analysts have weighed in on the company. Zacks Investment Research lowered Reata Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Piper Jaffray Companies lifted their target price on Reata Pharmaceuticals from $53.00 to $60.00 and gave the company a “buy” rating in a report on Monday, July 24th. Citigroup Inc. reaffirmed a “buy” rating and set a $87.00 target price (up previously from $39.00) on shares of Reata Pharmaceuticals in a report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price (up previously from $38.00) on shares of Reata Pharmaceuticals in a report on Tuesday, July 25th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $47.00 target price (up previously from $43.00) on shares of Reata Pharmaceuticals in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $54.71.
About Reata Pharmaceuticals
Reata Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on identifying, developing and commercializing product candidates that modulate the activity of regulatory proteins involved in the biology of mitochondrial function, oxidative stress, and inflammation to address the unmet medical needs of patients with a range of serious or life-threatening diseases.
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