Brokerages Expect Karyopharm Therapeutics Inc (KPTI) Will Post Earnings of -$0.76 Per Share

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Equities analysts predict that Karyopharm Therapeutics Inc (NASDAQ:KPTI) will report earnings of ($0.76) per share for the current quarter, according to Zacks. Five analysts have issued estimates for Karyopharm Therapeutics’ earnings, with the highest EPS estimate coming in at ($0.62) and the lowest estimate coming in at ($0.91). Karyopharm Therapeutics reported earnings per share of ($0.64) during the same quarter last year, which would suggest a negative year-over-year growth rate of 18.8%. The company is scheduled to report its next earnings results on Tuesday, August 14th.

According to Zacks, analysts expect that Karyopharm Therapeutics will report full year earnings of ($3.03) per share for the current financial year, with EPS estimates ranging from ($3.40) to ($2.36). For the next year, analysts expect that the company will post earnings of ($2.91) per share, with EPS estimates ranging from ($3.56) to ($1.59). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Karyopharm Therapeutics.

Karyopharm Therapeutics (NASDAQ:KPTI) last posted its quarterly earnings results on Thursday, May 10th. The company reported ($0.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.11). The firm had revenue of $10.00 million during the quarter, compared to the consensus estimate of $4.59 million.

A number of research firms have recently weighed in on KPTI. Wedbush downgraded Karyopharm Therapeutics from an “outperform” rating to a “neutral” rating and cut their price target for the company from $20.00 to $19.00 in a research note on Thursday, May 24th. HC Wainwright reissued a “buy” rating and issued a $30.00 price target on shares of Karyopharm Therapeutics in a research note on Thursday, May 17th. Zacks Investment Research raised Karyopharm Therapeutics from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. BidaskClub raised Karyopharm Therapeutics from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 17th. Finally, ValuEngine raised Karyopharm Therapeutics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 2nd. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Karyopharm Therapeutics presently has a consensus rating of “Buy” and an average price target of $20.91.

In other news, EVP Christopher Brett Primiano sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $18.01, for a total value of $36,020.00. Following the completion of the transaction, the executive vice president now owns 675 shares in the company, valued at approximately $12,156.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Kauffman sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $15.29, for a total value of $152,900.00. Following the completion of the transaction, the chief executive officer now owns 522,143 shares of the company’s stock, valued at approximately $7,983,566.47. The disclosure for this sale can be found here. Insiders sold a total of 62,000 shares of company stock valued at $996,220 in the last 90 days. 13.26% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new position in shares of Karyopharm Therapeutics in the 4th quarter valued at about $115,000. MetLife Investment Advisors LLC bought a new position in Karyopharm Therapeutics during the fourth quarter worth about $146,000. Two Sigma Investments LP grew its holdings in Karyopharm Therapeutics by 76.8% during the fourth quarter. Two Sigma Investments LP now owns 24,220 shares of the company’s stock worth $233,000 after purchasing an additional 10,520 shares during the period. UBS Group AG grew its holdings in Karyopharm Therapeutics by 761.8% during the first quarter. UBS Group AG now owns 19,632 shares of the company’s stock worth $264,000 after purchasing an additional 17,354 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in Karyopharm Therapeutics during the first quarter worth about $269,000. Institutional investors own 61.90% of the company’s stock.

Shares of Karyopharm Therapeutics traded up $0.54, reaching $18.04, during trading hours on Thursday, MarketBeat reports. The company had a trading volume of 341,944 shares, compared to its average volume of 607,152. The company has a market cap of $849.94 million, a P/E ratio of -6.42 and a beta of 3.73. Karyopharm Therapeutics has a 1-year low of $8.00 and a 1-year high of $20.39.

Karyopharm Therapeutics Company Profile

Karyopharm Therapeutics Inc, a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of drugs directed against nuclear transport and related targets for the treatment of cancer and other diseases. Its lead drug candidate is Selinexor(KPT-330), which is in Phase 2b clinical study in treatments of refractory multiple myeloma; Phase 1b/2 clinical study in combination with backbone treatments for multiple myeloma patients; Phase 2b clinical study in diffuse large B-cell lymphoma; Phase 3 clinical trial in combination with Velcade (bortezomib) and dexamethasone for multiple myeloma patients; and Phase 2/3 clinical study in liposarcoma.

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Earnings History and Estimates for Karyopharm Therapeutics (NASDAQ:KPTI)

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