Harrow Health (NASDAQ:HROW) Releases Q1 2021 Earnings Guidance

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Harrow Health (NASDAQ:HROW) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $14.90 million-$15.50 million, compared to the consensus revenue estimate of $13.66 million.

A number of equities research analysts have weighed in on the stock. B. Riley upped their price objective on shares of Harrow Health from $12.00 to $14.00 and gave the stock a buy rating in a report on Monday, January 4th. Zacks Investment Research cut shares of Harrow Health from a buy rating to a sell rating in a report on Wednesday, April 21st.

Shares of NASDAQ:HROW traded down $0.28 during trading on Tuesday, reaching $7.47. 169,852 shares of the stock traded hands, compared to its average volume of 221,089. The stock has a 50-day moving average of $7.34 and a two-hundred day moving average of $7.08. Harrow Health has a 52-week low of $3.63 and a 52-week high of $11.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.68 and a current ratio of 2.97. The stock has a market cap of $194.10 million, a P/E ratio of -96.88 and a beta of 1.08.

Harrow Health (NASDAQ:HROW) last posted its quarterly earnings results on Sunday, March 7th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. The firm had revenue of $14.60 million for the quarter, compared to analysts’ expectations of $14.49 million. Harrow Health had a negative net margin of 3.94% and a negative return on equity of 3.52%. Sell-side analysts expect that Harrow Health will post -0.13 earnings per share for the current year.

About Harrow Health

Harrow Health, Inc engages in the development, production, and sale of innovative medications. It operates through the Pharmaceutical Compounding and Pharmaceutical Drug Development segments. The Pharmaceutical Compounding segment focuses on the operations of ImprimisRx business. The company was founded by Mark L.

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