-$0.08 EPS Expected for Curis, Inc. (CRIS) This Quarter

Equities research analysts expect that Curis, Inc. (NASDAQ:CRIS) will announce earnings per share of ($0.08) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Curis’ earnings. Curis reported earnings per share of ($0.11) in the same quarter last year, which suggests a positive year over year growth rate of 27.3%. The business is scheduled to report its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Curis will report full-year earnings of ($0.38) per share for the current fiscal year, with EPS estimates ranging from ($0.44) to ($0.34). For the next financial year, analysts anticipate that the business will post earnings of ($0.41) per share, with EPS estimates ranging from ($0.45) to ($0.34). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Curis.

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Curis (NASDAQ:CRIS) last issued its quarterly earnings data on Thursday, March 8th. The biotechnology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. Curis had a negative net margin of 538.66% and a negative return on equity of 250.55%. The company had revenue of $3.26 million during the quarter, compared to the consensus estimate of $2.03 million. During the same quarter last year, the company earned ($0.08) earnings per share.

Separately, Zacks Investment Research downgraded shares of Curis from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.00.

Shares of NASDAQ:CRIS opened at $0.57 on Tuesday. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 1.49. Curis has a 52-week low of $0.47 and a 52-week high of $2.72.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Curis by 2.3% during the fourth quarter. BlackRock Inc. now owns 9,719,497 shares of the biotechnology company’s stock worth $6,803,000 after buying an additional 223,002 shares in the last quarter. Millennium Management LLC boosted its holdings in Curis by 1,341.7% in the fourth quarter. Millennium Management LLC now owns 3,149,154 shares of the biotechnology company’s stock worth $2,204,000 after purchasing an additional 2,930,725 shares during the period. JPMorgan Chase & Co. boosted its holdings in Curis by 62,201.8% in the third quarter. JPMorgan Chase & Co. now owns 2,381,798 shares of the biotechnology company’s stock worth $3,691,000 after purchasing an additional 2,377,975 shares during the period. State Street Corp boosted its holdings in Curis by 10.4% in the second quarter. State Street Corp now owns 1,857,044 shares of the biotechnology company’s stock worth $3,511,000 after purchasing an additional 175,424 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Curis by 2,389.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,331,900 shares of the biotechnology company’s stock worth $932,000 after purchasing an additional 1,278,400 shares during the period. 47.66% of the stock is owned by institutional investors and hedge funds.

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About Curis

Curis, Inc, a biotechnology company, focuses on the development and commercialization of drug candidates for the treatment of human cancers in the United States. Its clinical stage drug candidates include CUDC-907, an oral dual inhibitor of HDAC and PI3K enzymes, which is in Phase II clinical trial for the treatment of patients with MYC-altered diffuse large B-cell lymphoma and solid tumors; CA-170, an oral small molecule drug candidate that is in Phase I clinical trial for treating patients with advanced solid tumors and lymphomas; CA-4948, an oral small molecule drug candidate, which is in Phase I clinical trial for the treatment of non-hodgkin lymphomas; and CA-327, an oral small molecule drug candidate that is in preclinical stage for the treatment of cancers.

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Earnings History and Estimates for Curis (NASDAQ:CRIS)

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