$5.54 Million in Sales Expected for Valeritas Holdings, Inc. (VLRX) This Quarter
Brokerages expect Valeritas Holdings, Inc. (NASDAQ:VLRX) to report $5.54 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Valeritas’ earnings. The highest sales estimate is $5.60 million and the lowest is $5.41 million. Valeritas reported sales of $4.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.4%. The company is expected to issue its next earnings results on Tuesday, February 20th.
On average, analysts expect that Valeritas will report full year sales of $5.54 million for the current year, with estimates ranging from $19.88 million to $20.00 million. For the next fiscal year, analysts expect that the firm will post sales of $27.11 million per share, with estimates ranging from $26.53 million to $27.50 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Valeritas.
Separately, ValuEngine raised shares of Valeritas from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st.
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Valeritas, Inc is a United States-based company, which is engaged in developing and commercializing treatment solutions that contribute to clinical outcomes for patients. The Company’s portfolio includes V-Go disposable insulin delivery device, which is distributed through retail pharmacy. Its V-Go delivers insulin at a continuous preset basal rate and bolus dosing for adults with Type 2 diabetes requiring insulin.
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