Brokerages Expect MediWound Ltd. (MDWD) to Post -$0.20 EPS
Wall Street brokerages expect MediWound Ltd. (NASDAQ:MDWD) to report earnings of ($0.20) per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for MediWound’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.22). MediWound reported earnings of ($0.26) per share in the same quarter last year, which suggests a positive year over year growth rate of 23.1%. The firm is expected to report its next quarterly earnings results on Monday, November 13th.
On average, analysts expect that MediWound will report full-year earnings of ($0.81) per share for the current financial year, with EPS estimates ranging from ($0.87) to ($0.76). For the next financial year, analysts anticipate that the firm will report earnings of ($0.75) per share, with EPS estimates ranging from ($1.10) to ($0.48). Zacks’ EPS calculations are an average based on a survey of research analysts that cover MediWound.
MediWound (NASDAQ:MDWD) last released its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.01. The company had revenue of $0.69 million during the quarter, compared to analyst estimates of $0.69 million. MediWound had a negative net margin of 752.78% and a negative return on equity of 326.32%. The company’s revenue for the quarter was up 93.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.34) EPS.
MDWD has been the topic of several recent research reports. SunTrust Banks, Inc. reissued a “buy” rating on shares of MediWound in a report on Monday, June 26th. Aegis reissued a “buy” rating and issued a $11.00 price target on shares of MediWound in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $10.00 price target on MediWound and gave the stock a “buy” rating in a report on Monday, May 8th. Finally, Zacks Investment Research raised MediWound from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.19.
A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its stake in shares of MediWound by 19.7% in the first quarter. Wells Fargo & Company MN now owns 53,241 shares of the biopharmaceutical company’s stock valued at $351,000 after buying an additional 8,745 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of MediWound by 11.9% in the fourth quarter. Renaissance Technologies LLC now owns 74,300 shares of the biopharmaceutical company’s stock valued at $340,000 after buying an additional 7,900 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of MediWound by 11.0% in the first quarter. Wellington Management Group LLP now owns 2,157,839 shares of the biopharmaceutical company’s stock valued at $14,241,000 after buying an additional 213,745 shares during the last quarter. 27.32% of the stock is currently owned by hedge funds and other institutional investors.
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MediWound (MDWD) traded down 3.60% on Wednesday, hitting $6.70. The stock had a trading volume of 27,464 shares. MediWound has a 12-month low of $4.25 and a 12-month high of $8.58. The company’s 50 day moving average price is $6.96 and its 200-day moving average price is $6.41. The company’s market cap is $146.93 million.
MediWound Company Profile
MediWound Ltd. is a biopharmaceutical company. The Company focuses on developing, manufacturing and commercializing therapeutics products in the fields of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders and other indications. The Company’s product, NexoBrid, is indicated for the removal of dead or damaged tissue, known as eschar, in adults with deep partial- and full-thickness thermal burns, also referred to as severe burns.
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