Heron Therapeutics, Inc. (HRTX) Expected to Announce Earnings of -$0.87 Per Share
Equities analysts predict that Heron Therapeutics, Inc. (NASDAQ:HRTX) will report earnings of ($0.87) per share for the current quarter, according to Zacks. Two analysts have issued estimates for Heron Therapeutics’ earnings, with the highest EPS estimate coming in at ($0.82) and the lowest estimate coming in at ($0.90). Heron Therapeutics reported earnings per share of ($1.24) during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.8%. The company is scheduled to report its next earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that Heron Therapeutics will report full year earnings of ($3.50) per share for the current financial year, with EPS estimates ranging from ($3.57) to ($3.36). For the next year, analysts expect that the company will post earnings of ($2.40) per share, with EPS estimates ranging from ($3.52) to ($1.56). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Heron Therapeutics.
Heron Therapeutics (NASDAQ:HRTX) last released its quarterly earnings results on Wednesday, August 9th. The biotechnology company reported ($0.80) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.90) by $0.10. The business had revenue of $8.51 million for the quarter, compared to analysts’ expectations of $4.53 million.
HRTX has been the topic of several analyst reports. Cantor Fitzgerald reiterated a “buy” rating on shares of Heron Therapeutics in a report on Monday, September 25th. Zacks Investment Research upgraded Heron Therapeutics from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, July 12th. BidaskClub upgraded Heron Therapeutics from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Cowen and Company set a $40.00 price target on Heron Therapeutics and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, Aegis reiterated a “buy” rating and set a $33.00 price target on shares of Heron Therapeutics in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $28.50.
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Heron Therapeutics (NASDAQ HRTX) traded down 1.042% during midday trading on Friday, reaching $16.625. 217,374 shares of the company were exchanged. The firm’s 50 day moving average price is $15.90 and its 200-day moving average price is $15.11. Heron Therapeutics has a 52 week low of $12.21 and a 52 week high of $20.85. The stock’s market capitalization is $900.04 million.
Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc raised its holdings in Heron Therapeutics by 13.9% in the 1st quarter. Legal & General Group Plc now owns 8,971 shares of the biotechnology company’s stock valued at $136,000 after buying an additional 1,098 shares during the period. Quantbot Technologies LP raised its holdings in Heron Therapeutics by 2,619.6% in the 2nd quarter. Quantbot Technologies LP now owns 12,483 shares of the biotechnology company’s stock valued at $172,000 after buying an additional 12,024 shares during the period. Old West Investment Management LLC purchased a new stake in Heron Therapeutics in the 1st quarter valued at about $206,000. HighTower Advisors LLC raised its holdings in Heron Therapeutics by 11.4% in the 2nd quarter. HighTower Advisors LLC now owns 16,584 shares of the biotechnology company’s stock valued at $231,000 after buying an additional 1,700 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in Heron Therapeutics in the 1st quarter valued at about $253,000.
Heron Therapeutics Company Profile
Heron Therapeutics, Inc is a biotechnology company engaged in developing pharmaceutical products for patients suffering from cancer or pain. The Company’s product candidates include SUSTOL, HTX-019 and HTX-011. All of its product candidates utilize science and technology platforms, including its Biochronomer drug delivery technology.
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