Zacks: Analysts Anticipate Spero Therapeutics Inc (SPRO) Will Post Quarterly Sales of $400,000.00

Equities research analysts expect Spero Therapeutics Inc (NASDAQ:SPRO) to post $400,000.00 in sales for the current quarter, according to Zacks. Two analysts have made estimates for Spero Therapeutics’ earnings. The highest sales estimate is $600,000.00 and the lowest is $200,000.00. The company is expected to issue its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that Spero Therapeutics will report full-year sales of $400,000.00 for the current financial year, with estimates ranging from $1.19 million to $1.58 million. For the next year, analysts expect that the firm will report sales of $8.20 million per share. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Spero Therapeutics.

Spero Therapeutics (NASDAQ:SPRO) last released its quarterly earnings results on Thursday, December 14th. The company reported ($36.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.43) by ($33.59). The firm had revenue of $0.60 million for the quarter, compared to the consensus estimate of $0.20 million.

SPRO has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Spero Therapeutics from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, January 30th. Oppenheimer set a $30.00 price target on shares of Spero Therapeutics and gave the company a “buy” rating in a research report on Thursday, January 11th. Stifel Nicolaus started coverage on shares of Spero Therapeutics in a research report on Monday, November 27th. They issued a “buy” rating and a $26.00 price target on the stock. Bank of America started coverage on shares of Spero Therapeutics in a research report on Monday, November 27th. They set a “neutral” rating on the stock. Finally, Cowen started coverage on shares of Spero Therapeutics in a research report on Monday, November 27th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $23.33.

Spero Therapeutics (SPRO) opened at $11.79 on Tuesday. Spero Therapeutics has a 52-week low of $9.84 and a 52-week high of $15.40.

A hedge fund recently bought a new stake in Spero Therapeutics stock. Dean Capital Investments Management LLC purchased a new stake in Spero Therapeutics Inc (NASDAQ:SPRO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,039 shares of the company’s stock, valued at approximately $118,000. Dean Capital Investments Management LLC owned 0.07% of Spero Therapeutics at the end of the most recent reporting period. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

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About Spero Therapeutics

Spero Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on identifying, developing and commercializing novel treatments for MDR bacterial infections. The Company is developing a portfolio of novel product candidates, including SPR994, Potentiator Platform (SPR741 and SPR206), and SPR720.

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