Zacks: Brokerages Anticipate Nabriva Therapeutics (NBRV) Will Announce Quarterly Sales of $1.27 Million

Wall Street analysts forecast that Nabriva Therapeutics (NASDAQ:NBRV) will announce sales of $1.27 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Nabriva Therapeutics’ earnings. The lowest sales estimate is $1.00 million and the highest is $1.70 million. Nabriva Therapeutics posted sales of $1.68 million in the same quarter last year, which suggests a negative year-over-year growth rate of 24.4%. The business is scheduled to issue its next earnings report on Wednesday, May 9th.

On average, analysts expect that Nabriva Therapeutics will report full year sales of $5.06 million for the current fiscal year, with estimates ranging from $2.90 million to $7.40 million. For the next year, analysts anticipate that the business will report sales of $11.12 million per share, with estimates ranging from $8.81 million to $15.17 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Nabriva Therapeutics.

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Nabriva Therapeutics (NASDAQ:NBRV) last posted its quarterly earnings results on Friday, March 16th. The biotechnology company reported ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by ($0.06). The business had revenue of $1.12 million during the quarter, compared to analyst estimates of $1.37 million. Nabriva Therapeutics had a negative return on equity of 88.66% and a negative net margin of 1,370.53%.

Several research firms have issued reports on NBRV. Wedbush restated an “outperform” rating on shares of Nabriva Therapeutics in a research report on Monday, March 19th. ValuEngine upgraded shares of Nabriva Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of Nabriva Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Bank of America began coverage on shares of Nabriva Therapeutics in a research report on Wednesday, March 21st. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Morgan Stanley began coverage on shares of Nabriva Therapeutics in a research report on Wednesday, January 17th. They set an “overweight” rating and a $10.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $16.69.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. purchased a new position in shares of Nabriva Therapeutics during the 3rd quarter valued at $5,724,000. Jane Street Group LLC purchased a new position in shares of Nabriva Therapeutics during the 3rd quarter valued at $293,000. Cubist Systematic Strategies LLC purchased a new position in shares of Nabriva Therapeutics during the 3rd quarter valued at $348,000. Pura Vida Investments LLC purchased a new position in shares of Nabriva Therapeutics during the 3rd quarter valued at $3,481,000. Finally, Rubric Capital Management LP purchased a new position in shares of Nabriva Therapeutics during the 3rd quarter valued at $2,457,000. Hedge funds and other institutional investors own 55.56% of the company’s stock.

Nabriva Therapeutics stock traded down $0.07 during mid-day trading on Thursday, hitting $4.91. The company’s stock had a trading volume of 244,764 shares, compared to its average volume of 415,185. The firm has a market cap of $182.85, a price-to-earnings ratio of -1.97 and a beta of 1.77. Nabriva Therapeutics has a twelve month low of $4.39 and a twelve month high of $14.10.

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About Nabriva Therapeutics

Nabriva Therapeutics plc, a clinical stage biopharmaceutical company, engages in the research and development of anti-infective agents to treat infections in humans. The company focuses on the pleuromutilin class of antibiotics. Its lead product candidate is lefamulin, which has completed a Phase II clinical trial for acute bacterial skin and skin structure infections.

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Earnings History and Estimates for Nabriva Therapeutics (NASDAQ:NBRV)

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