Zacks: Brokerages Anticipate RXi Pharmaceuticals Corporation (RXII) Will Announce Earnings of -$0.11 Per Share
Analysts predict that RXi Pharmaceuticals Corporation (NASDAQ:RXII) will post ($0.11) earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for RXi Pharmaceuticals Corporation’s earnings. RXi Pharmaceuticals Corporation posted earnings per share of ($0.34) in the same quarter last year, which would indicate a positive year over year growth rate of 67.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, November 9th.
According to Zacks, analysts expect that RXi Pharmaceuticals Corporation will report full-year earnings of ($0.74) per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of ($0.57) per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover RXi Pharmaceuticals Corporation.
RXi Pharmaceuticals Corporation (NASDAQ:RXII) last posted its quarterly earnings results on Thursday, August 10th. The biotechnology company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). During the same period in the prior year, the firm earned ($0.34) EPS.
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RXi Pharmaceuticals Corporation (NASDAQ:RXII) traded down 1.75% during trading on Monday, hitting $0.56. The company’s stock had a trading volume of 72,462 shares. RXi Pharmaceuticals Corporation has a 12 month low of $0.51 and a 12 month high of $2.93. The firm has a 50 day moving average of $0.60 and a 200 day moving average of $0.65. The firm’s market cap is $13.02 million.
A hedge fund recently raised its stake in RXi Pharmaceuticals Corporation stock. Renaissance Technologies LLC increased its position in RXi Pharmaceuticals Corporation (NASDAQ:RXII) by 26.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229,980 shares of the biotechnology company’s stock after purchasing an additional 48,200 shares during the period. Renaissance Technologies LLC owned 3.49% of RXi Pharmaceuticals Corporation worth $164,000 at the end of the most recent reporting period. Institutional investors own 1.70% of the company’s stock.
About RXi Pharmaceuticals Corporation
RXi Pharmaceuticals Corporation is a clinical-stage ribonucleic acid (RNA) interference (RNAi) company developing therapeutics in dermatology and ophthalmology that address unmet medical needs. The Company’s development programs are based on its self-delivering RNAi (sd-rxRNA) platform and Samcyprone, a topical immunomodulator.
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