Zacks: Analysts Expect Ritter Pharmaceuticals Inc (RTTR) Will Announce Earnings of -$0.93 Per Share

Wall Street brokerages expect Ritter Pharmaceuticals Inc (NASDAQ:RTTR) to report earnings of ($0.93) per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Ritter Pharmaceuticals’ earnings, with the lowest EPS estimate coming in at ($1.09) and the highest estimate coming in at ($0.77). Ritter Pharmaceuticals posted earnings of ($1.10) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.5%. The firm is scheduled to announce its next quarterly earnings results on Monday, March 18th.

On average, analysts expect that Ritter Pharmaceuticals will report full-year earnings of ($2.84) per share for the current financial year, with EPS estimates ranging from ($3.05) to ($2.63). For the next financial year, analysts forecast that the company will report earnings of ($1.66) per share, with EPS estimates ranging from ($2.12) to ($1.20). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Ritter Pharmaceuticals.

Several research firms have recently issued reports on RTTR. HC Wainwright set a $15.00 price objective on Ritter Pharmaceuticals and gave the stock a “buy” rating in a report on Monday, October 15th. ValuEngine upgraded Ritter Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research upgraded Ritter Pharmaceuticals from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a report on Friday, November 16th.

Shares of NASDAQ:RTTR opened at $0.89 on Friday. The firm has a market cap of $4.22 million, a price-to-earnings ratio of -0.18 and a beta of 1.21. Ritter Pharmaceuticals has a one year low of $0.71 and a one year high of $4.00.

Ritter Pharmaceuticals Company Profile

Ritter Pharmaceuticals, Inc develops and sells novel therapeutic products that modulate the human gut microbiome to treat gastrointestinal diseases. Its lead product candidate is RP-G28, a novel microbiome modulator, which has completed Phase 2b clinical trial for the reduction of symptoms associated with lactose intolerance.

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