Zacks: Analysts Expect Apollo Endosurgery Inc (APEN) Will Announce Earnings of -$0.29 Per Share
Wall Street analysts predict that Apollo Endosurgery Inc (NASDAQ:APEN) will announce earnings per share of ($0.29) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Apollo Endosurgery’s earnings. Apollo Endosurgery posted earnings per share of ($35.01) in the same quarter last year, which indicates a positive year over year growth rate of 99.2%. The firm is expected to report its next earnings results on Wednesday, March 14th.
On average, analysts expect that Apollo Endosurgery will report full year earnings of ($1.98) per share for the current financial year, with EPS estimates ranging from ($2.10) to ($1.85). For the next fiscal year, analysts expect that the firm will post earnings of ($1.18) per share, with EPS estimates ranging from ($1.35) to ($1.01). Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Apollo Endosurgery.
Apollo Endosurgery (NASDAQ:APEN) last released its earnings results on Tuesday, August 1st. The biotechnology company reported ($0.64) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.40). Apollo Endosurgery had a negative return on equity of 46.30% and a negative net margin of 29.63%. The business had revenue of $17.14 million for the quarter.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Apollo Endosurgery from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research report on Thursday. Northland Securities reissued a “buy” rating on shares of Apollo Endosurgery in a research report on Friday, October 27th. ValuEngine cut shares of Apollo Endosurgery from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Roth Capital assumed coverage on shares of Apollo Endosurgery in a research report on Wednesday, August 2nd. They set a “buy” rating and a $10.00 target price on the stock. Finally, Craig Hallum assumed coverage on shares of Apollo Endosurgery in a report on Monday, July 24th. They issued a “buy” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Apollo Endosurgery has a consensus rating of “Buy” and an average target price of $9.44.
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Apollo Endosurgery (NASDAQ APEN) traded down $0.09 during trading on Friday, hitting $4.25. 47,029 shares of the stock were exchanged, compared to its average volume of 57,683. The company has a current ratio of 2.54, a quick ratio of 2.00 and a debt-to-equity ratio of 0.58.
Apollo Endosurgery Company Profile
Apollo Endosurgery, Inc, formerly Lpath, Inc, is a medical device company. The Company is focused on less invasive therapies for the treatment of obesity, as well as other gastrointestinal disorders. The Company’s device-based therapies are an alternative to invasive surgical procedures. The Company offers products in over 80 countries.
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