-$1.68 Earnings Per Share Expected for bluebird bio, Inc. (NASDAQ:BLUE) This Quarter

Brokerages forecast that bluebird bio, Inc. (NASDAQ:BLUE) will report earnings of ($1.68) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for bluebird bio’s earnings. The lowest EPS estimate is ($2.68) and the highest is ($0.95). bluebird bio reported earnings of ($3.01) per share in the same quarter last year, which indicates a positive year over year growth rate of 44.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 22nd.

On average, analysts expect that bluebird bio will report full-year earnings of ($11.14) per share for the current fiscal year, with EPS estimates ranging from ($11.53) to ($10.74). For the next year, analysts forecast that the business will report earnings of ($5.78) per share, with EPS estimates ranging from ($11.14) to ($1.90). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover bluebird bio.

bluebird bio (NASDAQ:BLUE) last released its quarterly earnings data on Friday, November 5th. The biotechnology company reported ($3.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.65) by ($0.51). bluebird bio had a negative net margin of 1,610.78% and a negative return on equity of 76.93%. The company had revenue of $22.70 million for the quarter, compared to analysts’ expectations of $39.07 million. During the same period last year, the company posted ($2.94) EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year.

Several research firms recently issued reports on BLUE. Royal Bank of Canada cut their target price on bluebird bio from $26.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Monday, November 8th. Wells Fargo & Company decreased their target price on bluebird bio from $25.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, November 8th. Mizuho cut their price target on shares of bluebird bio from $29.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, September 22nd. SVB Leerink lowered shares of bluebird bio from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $64.00 to $20.00 in a report on Monday, August 9th. Finally, William Blair started coverage on shares of bluebird bio in a research report on Tuesday, August 10th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, bluebird bio has a consensus rating of “Hold” and a consensus price target of $18.75.

Large investors have recently added to or reduced their stakes in the business. Berman Capital Advisors LLC lifted its stake in shares of bluebird bio by 3,217.0% in the third quarter. Berman Capital Advisors LLC now owns 1,758 shares of the biotechnology company’s stock worth $33,000 after buying an additional 1,705 shares in the last quarter. Lazard Asset Management LLC lifted its position in bluebird bio by 4,861.3% in the 2nd quarter. Lazard Asset Management LLC now owns 3,076 shares of the biotechnology company’s stock valued at $97,000 after acquiring an additional 3,014 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in bluebird bio by 130.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 6,474 shares of the biotechnology company’s stock valued at $124,000 after purchasing an additional 3,665 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of bluebird bio in the 2nd quarter worth $169,000. Finally, AGF Investments Inc. purchased a new position in shares of bluebird bio in the third quarter worth $199,000. Institutional investors and hedge funds own 77.66% of the company’s stock.

bluebird bio stock traded up $0.03 during trading hours on Thursday, reaching $10.76. The stock had a trading volume of 4,614,857 shares, compared to its average volume of 1,633,104. The stock has a market cap of $754.35 million, a PE ratio of -0.84 and a beta of 1.58. The company has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $23.38. bluebird bio has a 52 week low of $10.21 and a 52 week high of $53.68.

bluebird bio Company Profile

bluebird bio, Inc is a clinical-stage biotechnology company, which engages in the development of potential gene therapies for severe genetic diseases and cancer. Its integrated product platform includes gene therapy, cancer immunotherapy and gene editing. Its product pipeline includes Lenti-D, LentiGlobin, BCL11a shRNA, bb2121, and bb21217.

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Earnings History and Estimates for bluebird bio (NASDAQ:BLUE)

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