Brookline Capital Management Predicts Palisade Bio FY2024 Earnings

Palisade Bio, Inc. (NASDAQ:PALI) – Investment analysts at Brookline Capital Management issued their FY2024 earnings estimates for Palisade Bio in a research note issued on Wednesday, November 20th. Brookline Capital Management analyst K. Raja anticipates that the company will post earnings per share of ($11.74) for the year. Brookline Capital Management has a “Buy” rating and a $38.00 price target on the stock. The consensus estimate for Palisade Bio’s current full-year earnings is ($12.43) per share. Brookline Capital Management also issued estimates for Palisade Bio’s Q4 2024 earnings at ($2.39) EPS, FY2025 earnings at ($1.86) EPS, FY2026 earnings at ($1.23) EPS, FY2027 earnings at ($2.04) EPS and FY2028 earnings at ($2.42) EPS.

Palisade Bio (NASDAQ:PALI) last released its earnings results on Tuesday, November 12th. The company reported ($2.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.35) by $1.03.

Separately, Maxim Group lowered their target price on shares of Palisade Bio from $22.50 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th.

Palisade Bio Stock Up 0.8 %

NASDAQ:PALI opened at $2.42 on Monday. The firm has a market capitalization of $3.22 million, a price-to-earnings ratio of -0.17 and a beta of 1.36. Palisade Bio has a twelve month low of $2.18 and a twelve month high of $22.35. The stock’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $3.93.

Palisade Bio Company Profile

Palisade Bio, Inc, a clinical-stage biopharmaceutical company, focuses on focuses on developing therapeutics that protect the integrity of the intestinal barrier in the United States. The company's lead therapeutic candidate is PALI-2108, a prodrug PDE4 inhibitor, currently under pre-clinical development as a therapeutic for patients living with inflammatory bowel diseases, including ulcerative colitis and Crohn's disease (CD), as well as develops PALI-1908, an oral, selective PDE4 inhibitor prodrug that is locally bioactivated in the terminal ileum of CD patients, currently in the research stage.