Zacks: Analysts Expect Pieris Pharmaceuticals Inc (PIRS) Will Announce Earnings of -$0.02 Per Share

Wall Street brokerages predict that Pieris Pharmaceuticals Inc (NASDAQ:PIRS) will report earnings of ($0.02) per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Pieris Pharmaceuticals’ earnings, with estimates ranging from ($0.16) to $0.36. Pieris Pharmaceuticals posted earnings per share of ($0.19) in the same quarter last year, which would indicate a positive year-over-year growth rate of 89.5%. The company is expected to report its next quarterly earnings results on Wednesday, May 9th.

According to Zacks, analysts expect that Pieris Pharmaceuticals will report full year earnings of ($0.53) per share for the current fiscal year, with EPS estimates ranging from ($0.65) to ($0.28). For the next financial year, analysts forecast that the firm will report earnings of ($0.77) per share, with EPS estimates ranging from ($1.00) to ($0.61). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Pieris Pharmaceuticals.

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Pieris Pharmaceuticals (NASDAQ:PIRS) last announced its earnings results on Friday, March 9th. The biotechnology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.21. Pieris Pharmaceuticals had a negative net margin of 69.82% and a negative return on equity of 162.54%. The firm had revenue of $18.15 million during the quarter, compared to the consensus estimate of $7.63 million.

Several brokerages recently weighed in on PIRS. HC Wainwright reissued a “buy” rating and issued a $12.00 target price on shares of Pieris Pharmaceuticals in a research note on Friday, March 9th. Jefferies Group began coverage on shares of Pieris Pharmaceuticals in a research note on Monday, March 19th. They issued a “buy” rating and a $12.00 target price for the company. BidaskClub raised shares of Pieris Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th. ValuEngine raised shares of Pieris Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Evercore ISI began coverage on shares of Pieris Pharmaceuticals in a research note on Monday, March 19th. They set an “outperform” rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $11.00.

In other news, major shareholder Orbimed Advisors Llc sold 7,897 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $8.98, for a total transaction of $70,915.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.05% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PIRS. Creative Planning grew its holdings in shares of Pieris Pharmaceuticals by 18.2% during the 4th quarter. Creative Planning now owns 78,025 shares of the biotechnology company’s stock worth $589,000 after purchasing an additional 12,000 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Pieris Pharmaceuticals by 14.0% during the 4th quarter. Acadian Asset Management LLC now owns 116,154 shares of the biotechnology company’s stock worth $877,000 after purchasing an additional 14,263 shares during the period. Cetera Advisor Networks LLC purchased a new stake in shares of Pieris Pharmaceuticals during the 4th quarter worth about $124,000. New York State Common Retirement Fund grew its holdings in shares of Pieris Pharmaceuticals by 107.5% during the 3rd quarter. New York State Common Retirement Fund now owns 33,000 shares of the biotechnology company’s stock worth $190,000 after purchasing an additional 17,100 shares during the period. Finally, Wells Fargo & Company MN purchased a new stake in shares of Pieris Pharmaceuticals during the 3rd quarter worth about $105,000. 43.99% of the stock is owned by institutional investors.

PIRS stock traded down $0.10 during trading on Monday, hitting $6.23. The stock had a trading volume of 420,203 shares, compared to its average volume of 881,885. Pieris Pharmaceuticals has a 1-year low of $2.26 and a 1-year high of $9.75. The company has a market capitalization of $340.90, a price-to-earnings ratio of -15.58 and a beta of 1.71.

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About Pieris Pharmaceuticals

Pieris Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s pipeline includes immuno-oncology multi-specifics tailored for the tumor micro-environment, an inhaled Anticalin to treat uncontrolled asthma and a half-life-optimized Anticalin to treat anemia. Its Anticalins proteins are a class of low molecular-weight therapeutic proteins derived from lipocalins, which are naturally occurring low-molecular weight human proteins typically found in blood plasma and other bodily fluids.

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Earnings History and Estimates for Pieris Pharmaceuticals (NASDAQ:PIRS)

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