Wall Street analysts forecast that Evoke Pharma Inc (NASDAQ:EVOK) will post ($0.22) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Evoke Pharma’s earnings. The lowest EPS estimate is ($0.26) and the highest is ($0.18). Evoke Pharma reported earnings of ($0.18) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 22.2%. The business is scheduled to report its next quarterly earnings report on Wednesday, March 21st.
On average, analysts expect that Evoke Pharma will report full-year earnings of ($1.00) per share for the current fiscal year, with EPS estimates ranging from ($1.03) to ($0.96). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.09 per share, with EPS estimates ranging from ($0.54) to $1.16. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Evoke Pharma.
A number of research firms have recently weighed in on EVOK. Zacks Investment Research raised shares of Evoke Pharma from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. HC Wainwright reissued a “buy” rating and set a $9.00 price target on shares of Evoke Pharma in a research report on Tuesday, October 24th. Northland Securities reissued a “buy” rating and set a $10.00 price target on shares of Evoke Pharma in a research report on Wednesday, October 18th. B. Riley reissued a “buy” rating and set a $10.00 price target on shares of Evoke Pharma in a research report on Wednesday, November 15th. Finally, FBR & Co reissued a “buy” rating and set a $10.00 price target on shares of Evoke Pharma in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $9.14.
Evoke Pharma (EVOK) traded up $0.03 during mid-day trading on Wednesday, hitting $2.44. 29,700 shares of the stock were exchanged, compared to its average volume of 69,305. Evoke Pharma has a twelve month low of $2.19 and a twelve month high of $4.55. The firm has a market capitalization of $37.15, a P/E ratio of -2.39 and a beta of 1.26.
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About Evoke Pharma
Evoke Pharma, Inc is a specialty pharmaceutical company. The Company is focused primarily on the development of drugs to treat gastrointestinal (GI) disorders and diseases. The Company is developing EVK-001, a metoclopramide nasal spray for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women.
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