Nabriva Therapeutics plc – (NBRV) Expected to Post Quarterly Sales of $1.48 Million

Wall Street brokerages predict that Nabriva Therapeutics plc – (NASDAQ:NBRV) will post $1.48 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Nabriva Therapeutics’ earnings, with the lowest sales estimate coming in at $1.00 million and the highest estimate coming in at $1.80 million. Nabriva Therapeutics posted sales of $2.31 million in the same quarter last year, which would indicate a negative year over year growth rate of 35.9%. The business is expected to announce its next quarterly earnings report on Friday, March 23rd.

According to Zacks, analysts expect that Nabriva Therapeutics will report full year sales of $1.48 million for the current year, with estimates ranging from $5.20 million to $6.00 million. For the next fiscal year, analysts expect that the company will report sales of $6.54 million per share, with estimates ranging from $2.90 million to $9.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Nabriva Therapeutics.

Nabriva Therapeutics (NASDAQ:NBRV) last announced its earnings results on Thursday, November 9th. The biotechnology company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.07). Nabriva Therapeutics had a negative return on equity of 80.69% and a negative net margin of 985.30%.

A number of equities analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Nabriva Therapeutics in a research note on Wednesday. They set an “overweight” rating and a $10.00 target price for the company. HC Wainwright lifted their target price on shares of Nabriva Therapeutics from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Nabriva Therapeutics from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Nabriva Therapeutics has an average rating of “Buy” and an average target price of $17.53.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Alyeska Investment Group L.P. bought a new stake in Nabriva Therapeutics in the third quarter valued at $5,724,000. Pura Vida Investments LLC bought a new stake in Nabriva Therapeutics in the third quarter valued at $3,481,000. Rubric Capital Management LP bought a new stake in Nabriva Therapeutics in the third quarter valued at $2,457,000. Nationwide Fund Advisors increased its stake in Nabriva Therapeutics by 4.6% in the second quarter. Nationwide Fund Advisors now owns 180,924 shares of the biotechnology company’s stock valued at $2,032,000 after purchasing an additional 7,924 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Nabriva Therapeutics by 19.6% in the second quarter. Royal Bank of Canada now owns 52,807 shares of the biotechnology company’s stock valued at $553,000 after purchasing an additional 8,650 shares in the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Nabriva Therapeutics (NBRV) traded up $0.39 during midday trading on Thursday, reaching $6.39. 390,000 shares of the company were exchanged, compared to its average volume of 159,518. Nabriva Therapeutics has a fifty-two week low of $4.75 and a fifty-two week high of $14.10. The company has a market capitalization of $234.46 and a P/E ratio of -0.25.

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About Nabriva Therapeutics

Nabriva Therapeutics plc is a clinical stage biopharmaceutical company. The Company is engaged in engaged in the research and development of novel anti-infectives to treat serious infections, with a focus on the pleuromutilin class of antibiotics. The Company’s medicinal chemistry has enabled targeted discovery of novel pleuromutilins, including both intravenous and oral formulations of its lead product candidate, lefamulin.

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Earnings History and Estimates for Nabriva Therapeutics (NASDAQ:NBRV)

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