Brokerages Anticipate Iovance Biotherapeutics Inc (IOVA) to Announce -$0.32 EPS

Wall Street analysts forecast that Iovance Biotherapeutics Inc (NASDAQ:IOVA) will post earnings of ($0.32) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Iovance Biotherapeutics’ earnings, with the lowest EPS estimate coming in at ($0.34) and the highest estimate coming in at ($0.30). Iovance Biotherapeutics posted earnings of ($0.20) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 60%. The firm is expected to announce its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that Iovance Biotherapeutics will report full-year earnings of ($1.35) per share for the current fiscal year, with EPS estimates ranging from ($1.39) to ($1.23). For the next financial year, analysts forecast that the firm will post earnings of ($1.28) per share, with EPS estimates ranging from ($1.49) to ($1.08). Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Iovance Biotherapeutics.

A number of research firms have recently issued reports on IOVA. HC Wainwright set a $22.00 price objective on shares of Iovance Biotherapeutics and gave the company a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of Iovance Biotherapeutics from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research note on Tuesday, October 17th. Jefferies Group increased their price objective on shares of Iovance Biotherapeutics to $31.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Oppenheimer set a $13.00 price objective on shares of Iovance Biotherapeutics and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, ValuEngine upgraded shares of Iovance Biotherapeutics from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.75.

Iovance Biotherapeutics (IOVA) remained flat at $$16.65 during midday trading on Wednesday. 670,600 shares of the company traded hands, compared to its average volume of 1,284,944. Iovance Biotherapeutics has a 1-year low of $4.45 and a 1-year high of $18.15. The stock has a market capitalization of $1,415.22, a P/E ratio of -12.81 and a beta of 5.89.

A number of institutional investors and hedge funds have recently made changes to their positions in IOVA. Legal & General Group Plc acquired a new stake in Iovance Biotherapeutics in the second quarter valued at approximately $103,000. Parametric Portfolio Associates LLC acquired a new stake in Iovance Biotherapeutics in the second quarter valued at approximately $125,000. Dynamic Technology Lab Private Ltd acquired a new stake in Iovance Biotherapeutics in the third quarter valued at approximately $133,000. Edge Wealth Management LLC acquired a new stake in Iovance Biotherapeutics in the third quarter valued at approximately $150,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Iovance Biotherapeutics in the fourth quarter worth $154,000. Institutional investors own 64.53% of the company’s stock.

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Iovance Biotherapeutics Company Profile

Iovance Biotherapeutics, Inc, formerly Lion Biotechnologies, Inc, is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of cancer immunotherapy products designed to harness the power of a patient’s own immune system to eradicate cancer cells. The Company’s lead program is an adoptive cell therapy utilizing tumor-infiltrating lymphocytes, which are T cells derived from patients’ tumors, for the treatment of metastatic melanoma.

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Earnings History and Estimates for Iovance Biotherapeutics (NASDAQ:IOVA)

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