-$0.56 Earnings Per Share Expected for BeyondSpring Inc. (NASDAQ:BYSI) This Quarter

Equities analysts forecast that BeyondSpring Inc. (NASDAQ:BYSI) will post ($0.56) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for BeyondSpring’s earnings, with estimates ranging from ($0.69) to ($0.48). BeyondSpring posted earnings of ($0.48) per share during the same quarter last year, which suggests a negative year over year growth rate of 16.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 30th.

On average, analysts expect that BeyondSpring will report full year earnings of ($2.19) per share for the current fiscal year, with EPS estimates ranging from ($2.45) to ($2.04). For the next fiscal year, analysts anticipate that the firm will report earnings of ($1.95) per share, with EPS estimates ranging from ($2.41) to ($1.48). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover BeyondSpring.

BeyondSpring (NASDAQ:BYSI) last issued its earnings results on Thursday, September 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.49). The firm had revenue of $0.34 million for the quarter, compared to analysts’ expectations of $13.84 million. During the same quarter in the previous year, the firm posted ($0.46) EPS.

A number of equities analysts have weighed in on BYSI shares. HC Wainwright decreased their price target on BeyondSpring from $100.00 to $65.00 and set a “buy” rating for the company in a report on Monday, September 20th. Robert W. Baird started coverage on BeyondSpring in a report on Wednesday, September 8th. They issued an “outperform” rating and a $50.00 price target for the company. Evercore ISI restated a “buy” rating on shares of BeyondSpring in a report on Thursday, August 19th. Zacks Investment Research upgraded BeyondSpring from a “sell” rating to a “hold” rating in a report on Monday. Finally, William Blair restated a “buy” rating on shares of BeyondSpring in a report on Friday, August 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $49.40.

Several institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in shares of BeyondSpring by 22.7% during the 2nd quarter. Legal & General Group Plc now owns 2,403 shares of the company’s stock valued at $25,000 after acquiring an additional 445 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of BeyondSpring by 88.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,631 shares of the company’s stock valued at $38,000 after acquiring an additional 1,708 shares in the last quarter. US Bancorp DE raised its position in shares of BeyondSpring by 3,629.9% during the 3rd quarter. US Bancorp DE now owns 2,499 shares of the company’s stock valued at $39,000 after acquiring an additional 2,432 shares in the last quarter. Citigroup Inc. raised its position in shares of BeyondSpring by 139.8% during the 3rd quarter. Citigroup Inc. now owns 2,556 shares of the company’s stock valued at $40,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Royal Bank of Canada increased its position in BeyondSpring by 72.1% in the third quarter. Royal Bank of Canada now owns 2,640 shares of the company’s stock worth $42,000 after buying an additional 1,106 shares during the period. Institutional investors own 19.11% of the company’s stock.

Shares of NASDAQ:BYSI traded up $0.62 during trading on Thursday, reaching $13.28. 883,973 shares of the stock were exchanged, compared to its average volume of 1,195,248. BeyondSpring has a 12-month low of $8.90 and a 12-month high of $33.00. The firm has a market cap of $519.33 million, a price-to-earnings ratio of -6.88 and a beta of 1.03. The firm’s 50-day moving average price is $15.38 and its 200 day moving average price is $15.24.

BeyondSpring Company Profile

BeyondSpring, Inc engages in the the development and commercialization of immuno-oncology cancer therapies to improve clinical outcomes for patients who have high unmet medical needs. It operates through PRC and U.S. geographical segments. The company was founded by Lan Huang and Lin Qing Jia in 2013 and is headquartered in New York, NY.

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Earnings History and Estimates for BeyondSpring (NASDAQ:BYSI)

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