Brokerages forecast that Coherus Biosciences Inc (NASDAQ:CHRS) will report earnings per share (EPS) of ($0.90) for the current quarter, Zacks reports. Zero analysts have issued estimates for Coherus Biosciences’ earnings. Coherus Biosciences posted earnings per share of ($1.71) in the same quarter last year, which indicates a positive year over year growth rate of 47.4%. The company is expected to issue its next quarterly earnings results on Monday, March 12th.
According to Zacks, analysts expect that Coherus Biosciences will report full year earnings of ($4.39) per share for the current financial year, with EPS estimates ranging from ($4.55) to ($4.23). For the next fiscal year, analysts forecast that the company will post earnings of ($2.91) per share, with EPS estimates ranging from ($3.10) to ($2.71). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Coherus Biosciences.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Coherus Biosciences from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Citigroup reaffirmed a “buy” rating and set a $23.00 price objective on shares of Coherus Biosciences in a research report on Tuesday, November 7th. ValuEngine raised Coherus Biosciences from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 3rd. Finally, BidaskClub raised Coherus Biosciences from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. Coherus Biosciences currently has an average rating of “Buy” and an average price target of $29.67.
Shares of Coherus Biosciences (NASDAQ CHRS) opened at $9.45 on Monday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 5.46 and a current ratio of 5.46. Coherus Biosciences has a 52 week low of $8.05 and a 52 week high of $26.55. The company has a market capitalization of $565.49, a price-to-earnings ratio of -1.74 and a beta of 3.81.
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About Coherus Biosciences
Coherus BioSciences, Inc is a late-stage clinical biologics platform company. The Company is engaged in the business of developing and commercializing biosimilar products. The Company’s business is organized around therapeutic franchises, including Oncology biosimilar candidates pegfilgrastim (Neulasta) and bevacizumab (Avastin); Immunology (Anti-TNF) biosimilar candidates etanercept (Enbrel) and adalimumab (Humira); Ophthalmology biosimilar candidate ranibizumab (Lucentis), and Multiple sclerosis small molecule therapeutic candidate, CHS-131.
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