Foamix Pharmaceuticals Ltd. (FOMX) Scheduled to Post Quarterly Earnings on Tuesday
Foamix Pharmaceuticals Ltd. (NASDAQ:FOMX) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 14th. Analysts expect the company to announce earnings of ($0.43) per share for the quarter.
Foamix Pharmaceuticals (NASDAQ:FOMX) last released its quarterly earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by ($0.05). Foamix Pharmaceuticals had a negative net margin of 823.74% and a negative return on equity of 39.20%. The firm had revenue of $0.80 million during the quarter, compared to analyst estimates of $1.50 million. During the same period in the prior year, the business earned ($0.27) EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts expect Foamix Pharmaceuticals to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of Foamix Pharmaceuticals Ltd. (NASDAQ FOMX) opened at $6.10 on Tuesday. Foamix Pharmaceuticals Ltd. has a 12 month low of $4.03 and a 12 month high of $11.27.
Several analysts have issued reports on FOMX shares. Zacks Investment Research downgraded Foamix Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. HC Wainwright assumed coverage on Foamix Pharmaceuticals in a research note on Thursday, August 24th. They issued a “buy” rating and a $12.00 price target on the stock. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $9.00 target price on shares of Foamix Pharmaceuticals in a research report on Wednesday, July 19th.
Foamix Pharmaceuticals Company Profile
Foamix Pharmaceuticals Ltd. is a clinical-stage pharmaceutical company. The Company is engaged in the development and commercialization of foam-based formulations, using its technology, which includes its foam platforms. It is focused on developing and commercializing its minocycline foam for the treatment of acne, rosacea and other skin conditions.
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