Zacks: Analysts Expect ContraFect Corp (CFRX) Will Post Earnings of -$0.10 Per Share

Analysts forecast that ContraFect Corp (NASDAQ:CFRX) will report earnings per share (EPS) of ($0.10) for the current quarter, Zacks reports. Zero analysts have issued estimates for ContraFect’s earnings, with estimates ranging from ($0.10) to ($0.09). ContraFect reported earnings per share of ($0.15) in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The company is scheduled to issue its next earnings results on Wednesday, March 21st.

On average, 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 financial year, analysts forecast that the company will report earnings of ($0.40) per share, with EPS estimates ranging from ($0.45) to ($0.35). Zacks’ EPS calculations are a mean average based on a survey of research firms that cover ContraFect.

ContraFect (NASDAQ:CFRX) last issued its quarterly earnings results on Thursday, November 9th. The biotechnology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15.

Shares of ContraFect (CFRX) opened at $1.25 on Friday. ContraFect has a 1 year low of $0.80 and a 1 year high of $2.50.

Institutional investors and hedge funds have recently modified their holdings of the business. Fosun International Ltd purchased a new stake in ContraFect in the third quarter worth about $9,435,000. Birchview Capital LP boosted its stake in shares of 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 acquiring an additional 410,000 shares during the period. Finally, 683 Capital Management LLC bought a new position in shares of ContraFect in the third quarter worth about $2,886,000. Institutional investors and hedge funds own 62.47% of the company’s stock.

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About ContraFect

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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