Brokerages Expect Cellectis SA (CLLS) Will Announce Quarterly Sales of $10.10 Million

Wall Street analysts expect Cellectis SA (NASDAQ:CLLS) to report $10.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Cellectis’ earnings, with estimates ranging from $9.00 million to $11.31 million. Cellectis posted sales of $13.02 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 22.4%. The firm is scheduled to report its next quarterly earnings results on Monday, March 5th.

On average, analysts expect that Cellectis will report full-year sales of $10.10 million for the current fiscal year, with estimates ranging from $34.00 million to $39.85 million. For the next year, analysts expect that the company will report sales of $40.21 million per share, with estimates ranging from $33.00 million to $45.22 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Cellectis.

Cellectis (NASDAQ:CLLS) last announced its quarterly earnings results on Monday, November 13th. The biotechnology company reported ($0.73) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.57) by ($0.16). Cellectis had a negative net margin of 217.25% and a negative return on equity of 30.66%.

Several equities analysts recently weighed in on CLLS shares. Oppenheimer restated an “outperform” rating and set a $40.00 target price on shares of Cellectis in a report on Thursday, December 28th. Jefferies Group restated a “buy” rating and set a $47.00 target price on shares of Cellectis in a report on Sunday, October 29th. Zacks Investment Research upgraded shares of Cellectis from a “sell” rating to a “hold” rating and set a $36.00 target price on the stock in a report on Tuesday, October 24th. ValuEngine lowered shares of Cellectis from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, BidaskClub upgraded shares of Cellectis from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 4th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Cellectis currently has a consensus rating of “Buy” and a consensus price target of $39.29.

A number of hedge funds have recently modified their holdings of CLLS. Wells Fargo & Company MN lifted its holdings in Cellectis by 132.1% in the 2nd quarter. Wells Fargo & Company MN now owns 9,550 shares of the biotechnology company’s stock worth $247,000 after buying an additional 5,435 shares in the last quarter. Balyasny Asset Management LLC acquired a new position in Cellectis in the 2nd quarter worth $719,000. Advisors Asset Management Inc. lifted its holdings in Cellectis by 1,501.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 22,592 shares of the biotechnology company’s stock worth $643,000 after buying an additional 21,181 shares in the last quarter. Sphera Funds Management LTD. lifted its holdings in Cellectis by 71.1% in the 3rd quarter. Sphera Funds Management LTD. now owns 348,736 shares of the biotechnology company’s stock worth $9,922,000 after buying an additional 144,972 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Cellectis in the 3rd quarter worth $517,000. Hedge funds and other institutional investors own 16.42% of the company’s stock.

Cellectis (NASDAQ CLLS) opened at $29.74 on Wednesday. Cellectis has a 1-year low of $19.76 and a 1-year high of $35.07.

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Cellectis Company Profile

Cellectis SA is a France-based company active in the field of genome engineering and genomic surgery. The Company specializes in the research, development and commercialization of rational genome engineering technologies. It has developed an expertise in combining meganucleases with engineered targeting Deoxyribonucleic Acid (DNA) matrices into Meganuclease Recombination Systems (MRS), used for gene excision, correction or replacement.

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Earnings History and Estimates for Cellectis (NASDAQ:CLLS)

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