Analysts Expect Catabasis Pharmaceuticals Inc (CATB) Will Post Earnings of -$0.23 Per Share

Analysts expect Catabasis Pharmaceuticals Inc (NASDAQ:CATB) to announce earnings of ($0.23) per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Catabasis Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.22) and the lowest estimate coming in at ($0.23). Catabasis Pharmaceuticals reported earnings per share of ($0.41) in the same quarter last year, which suggests a positive year over year growth rate of 43.9%. The company is expected to report its next earnings results on Thursday, May 10th.

On average, analysts expect that Catabasis Pharmaceuticals will report full-year earnings of ($0.92) per share for the current year, with EPS estimates ranging from ($0.92) to ($0.91). For the next year, analysts forecast that the firm will post earnings of ($1.48) per share, with EPS estimates ranging from ($1.64) to ($1.32). Zacks’ EPS averages are a mean average based on a survey of analysts that follow Catabasis Pharmaceuticals.

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Catabasis Pharmaceuticals (NASDAQ:CATB) last posted its quarterly earnings results on Thursday, March 15th. The biotechnology company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.07. The company had revenue of $0.25 million during the quarter, compared to the consensus estimate of $0.25 million.

A number of research analysts recently weighed in on CATB shares. Zacks Investment Research upgraded shares of Catabasis Pharmaceuticals from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research note on Friday, January 5th. Wedbush reiterated an “outperform” rating and issued a $4.00 price objective on shares of Catabasis Pharmaceuticals in a research note on Friday, December 15th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Catabasis Pharmaceuticals has a consensus rating of “Buy” and a consensus price target of $5.18.

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Catabasis Pharmaceuticals by 146.1% in the 4th quarter. Geode Capital Management LLC now owns 76,612 shares of the biotechnology company’s stock valued at $114,000 after buying an additional 45,476 shares in the last quarter. Deutsche Bank AG purchased a new position in Catabasis Pharmaceuticals in the 4th quarter valued at approximately $335,000. Finally, Renaissance Technologies LLC grew its stake in Catabasis Pharmaceuticals by 167.2% in the 4th quarter. Renaissance Technologies LLC now owns 468,700 shares of the biotechnology company’s stock valued at $698,000 after buying an additional 293,300 shares in the last quarter. Institutional investors and hedge funds own 27.94% of the company’s stock.

Catabasis Pharmaceuticals stock traded down $0.01 during mid-day trading on Monday, reaching $1.76. The company’s stock had a trading volume of 133,599 shares, compared to its average volume of 930,355. Catabasis Pharmaceuticals has a 12-month low of $1.09 and a 12-month high of $3.78. The firm has a market capitalization of $51.39, a price-to-earnings ratio of -1.40 and a beta of 0.68.

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About Catabasis Pharmaceuticals

Catabasis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics based on its Safely Metabolized And Rationally Targeted (SMART), a linker drug discovery platform. The SMART linker drug discovery platform enables to engineer product candidates that can modulate multiple targets in a disease.

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Earnings History and Estimates for Catabasis Pharmaceuticals (NASDAQ:CATB)

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