Equities analysts predict that ContraFect Corporation (NASDAQ:CFRX) will report ($0.10) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for ContraFect’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.10). ContraFect posted earnings per share of ($0.15) during the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The company is expected to announce its next quarterly earnings report on Wednesday, March 21st.

According to Zacks, analysts expect that ContraFect will report full-year earnings of ($0.33) per share for the current year, with EPS estimates ranging from ($0.33) to ($0.32). For the next year, analysts anticipate that the firm will report earnings of ($0.40) per share, with EPS estimates ranging from ($0.45) to ($0.35). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover ContraFect.

ContraFect (NASDAQ:CFRX) opened at $0.89 on Thursday. ContraFect has a twelve month low of $0.80 and a twelve month high of $2.50.

Institutional investors and hedge funds have recently modified their holdings of the business. Birchview Capital LP boosted its stake in ContraFect by 56.5% in the third quarter. Birchview Capital LP now owns 1,135,082 shares of the biotechnology company’s stock worth $1,260,000 after buying an additional 410,000 shares in the last quarter. Fosun International Ltd purchased a new stake in ContraFect in the third quarter worth approximately $9,435,000. Finally, White Pine Capital LLC boosted its stake in ContraFect by 0.3% in the second quarter. White Pine Capital LLC now owns 253,870 shares of the biotechnology company’s stock worth $368,000 after buying an additional 825 shares in the last quarter. 62.47% of the stock is owned by institutional investors and hedge funds.

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ContraFect Company Profile

ContraFect Corporation, a clinical-stage biotechnology company, focuses on discovering and developing therapeutic protein and antibody products for the treatment of life-threatening infectious diseases in the United States. Its lead product candidates consist of CF-301, a lysin that completed Phase 1 human clinical trials for the treatment of Staph aureus bacteremia, including endocarditis caused by methicillin-resistant or methicillin-susceptible Staph aureus; and CF-404, a combination of human monoclonal antibodies (mAbs) for the treatment of life-threatening seasonal and pandemic varieties of human influenza.

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Earnings History and Estimates for ContraFect (NASDAQ:CFRX)

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