BeyondSpring Inc. (NASDAQ:BYSI) Expected to Post Earnings of -$0.56 Per Share

Brokerages forecast that BeyondSpring Inc. (NASDAQ:BYSI) will announce earnings of ($0.56) per share for the current quarter, according to Zacks. Two analysts have issued estimates for BeyondSpring’s earnings, with estimates ranging from ($0.69) to ($0.48). BeyondSpring posted earnings per share of ($0.48) in the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The company is expected to announce 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 year, analysts expect that the firm will report earnings of ($1.95) per share, with EPS estimates ranging from ($2.41) to ($1.48). Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for BeyondSpring.

BeyondSpring (NASDAQ:BYSI) last announced its earnings results on Thursday, September 9th. The company reported ($0.49) earnings per share for the quarter, meeting the consensus estimate of ($0.49). The firm had revenue of $0.34 million during the quarter, compared to analyst estimates of $13.84 million. During the same period in the previous year, the firm posted ($0.46) EPS.

Several research analysts recently weighed in on the stock. William Blair reissued a “buy” rating on shares of BeyondSpring in a research note on Friday, August 27th. Evercore ISI reaffirmed a “buy” rating on shares of BeyondSpring in a research note on Thursday, August 19th. Robert W. Baird assumed coverage on shares of BeyondSpring in a research note on Wednesday, September 8th. They set an “outperform” rating and a $50.00 price objective for the company. Zacks Investment Research raised shares of BeyondSpring from a “sell” rating to a “hold” rating in a research note on Monday. Finally, HC Wainwright dropped their price objective on shares of BeyondSpring from $100.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, September 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $49.40.

BYSI stock traded up $0.62 during trading on Thursday, hitting $13.28. The stock had a trading volume of 883,973 shares, compared to its average volume of 1,195,248. The company’s 50 day moving average price is $15.38 and its two-hundred day moving average price is $15.24. BeyondSpring has a 1-year low of $8.90 and a 1-year high of $33.00. The stock has a market cap of $519.33 million, a price-to-earnings ratio of -6.88 and a beta of 1.03.

Several large investors have recently modified their holdings of BYSI. Bank of New York Mellon Corp boosted its holdings in BeyondSpring by 16.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 55,016 shares of the company’s stock worth $867,000 after acquiring an additional 7,606 shares during the period. Altium Capital Management LP purchased a new position in BeyondSpring in the 3rd quarter worth approximately $2,067,000. Schonfeld Strategic Advisors LLC purchased a new position in BeyondSpring in the 3rd quarter worth approximately $291,000. BNP Paribas Arbitrage SA boosted its holdings in BeyondSpring by 393.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,857 shares of the company’s stock worth $61,000 after acquiring an additional 3,076 shares during the period. Finally, Tanaka Capital Management Inc. boosted its holdings in BeyondSpring by 61.8% in the 3rd quarter. Tanaka Capital Management Inc. now owns 319,381 shares of the company’s stock worth $5,033,000 after acquiring an additional 121,940 shares during the period. Institutional investors and hedge funds own 19.11% of the company’s stock.

About BeyondSpring

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.

Recommended Story: Analyzing a company’s cash flow statement

Get a free copy of the Zacks research report on BeyondSpring (BYSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BeyondSpring (NASDAQ:BYSI)

Receive News & Ratings for BeyondSpring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BeyondSpring and related companies with MarketBeat.com's FREE daily email newsletter.