-$0.13 EPS Expected for pSivida Corp. (PSDV) This Quarter
Analysts expect that pSivida Corp. (NASDAQ:PSDV) will announce ($0.13) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for pSivida’s earnings, with the highest EPS estimate coming in at ($0.12) and the lowest estimate coming in at ($0.14). pSivida reported earnings of ($0.15) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The firm is expected to announce its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that pSivida will report full-year earnings of ($0.54) per share for the current year, with EPS estimates ranging from ($0.56) to ($0.52). For the next financial year, analysts anticipate that the business will report earnings of ($0.47) per share, with EPS estimates ranging from ($0.52) to ($0.41). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for pSivida.
pSivida (NASDAQ:PSDV) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. pSivida had a negative return on equity of 205.82% and a negative net margin of 882.37%. The firm had revenue of $0.93 million for the quarter, compared to analysts’ expectations of $0.48 million.
Shares of pSivida (NASDAQ:PSDV) opened at $1.10 on Thursday. pSivida has a 1-year low of $0.93 and a 1-year high of $2.45.
Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of pSivida by 4.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,524,000 shares of the company’s stock valued at $1,646,000 after purchasing an additional 59,900 shares during the last quarter. Geode Capital Management LLC increased its position in shares of pSivida by 75.0% during the 4th quarter. Geode Capital Management LLC now owns 240,631 shares of the company’s stock valued at $259,000 after purchasing an additional 103,150 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of pSivida during the 4th quarter valued at about $173,000. Finally, OxFORD Asset Management LLP bought a new position in shares of pSivida during the 2nd quarter valued at about $118,000. Hedge funds and other institutional investors own 10.06% of the company’s stock.
pSivida Company Profile
pSivida Corp. develops drug delivery products primarily for the treatment of chronic eye diseases. The Company operates through the biotechnology sector segment. The Company has developed three products for treatment of back-of-the-eye diseases, which include Medidur for posterior segment uveitis, its lead product candidate that is in pivotal Phase III clinical trials; ILUVIEN for diabetic macular edema (DME), its lead licensed product that is sold in the United States and European Union (EU) countries, and Retisert.
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