OvaScience (OVAS) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

OvaScience (NASDAQ:OVAS) posted its quarterly earnings results on Thursday, March 15th. The biotechnology company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.04, Bloomberg Earnings reports. The business had revenue of $0.09 million during the quarter, compared to analysts’ expectations of $0.10 million. OvaScience had a negative net margin of 17,338.78% and a negative return on equity of 60.06%.

Shares of OvaScience stock traded down $0.01 on Thursday, reaching $0.88. 85,368 shares of the company traded hands, compared to its average volume of 585,551. OvaScience has a 52-week low of $0.85 and a 52-week high of $2.05. The company has a market capitalization of $31.44, a price-to-earnings ratio of -0.62 and a beta of 3.05.

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Several brokerages recently weighed in on OVAS. HC Wainwright reaffirmed a “buy” rating and set a $15.00 price objective on shares of OvaScience in a research report on Friday, March 16th. Zacks Investment Research lowered shares of OvaScience from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th.

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About OvaScience

OvaScience, Inc is a global fertility company. The Company is focused on the discovery, development and commercialization of fertility treatment options for women. The Company’s portfolio of fertility treatment options uses its technology, including methods to identify and isolate Egg precursor (EggPC) cells from a patient’s own ovarian tissue.

Earnings History for OvaScience (NASDAQ:OVAS)

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