Brokers Issue Forecasts for Corvus Pharmaceuticals, Inc.’s Q2 2017 Earnings (NASDAQ:CRVS)

Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS) – Equities research analysts at Wedbush issued their Q2 2017 earnings per share estimates for shares of Corvus Pharmaceuticals in a research note issued on Wednesday. Wedbush analyst R. Driscoll forecasts that the company will post earnings of ($0.80) per share for the quarter. Wedbush has a “Outperform” rating and a $26.00 price objective on the stock. Wedbush also issued estimates for Corvus Pharmaceuticals’ Q3 2017 earnings at ($0.85) EPS, Q4 2017 earnings at ($0.62) EPS, FY2017 earnings at ($3.06) EPS, Q1 2018 earnings at ($0.76) EPS, Q2 2018 earnings at ($0.89) EPS, Q3 2018 earnings at ($1.01) EPS, Q4 2018 earnings at ($0.85) EPS, FY2018 earnings at ($3.51) EPS, FY2019 earnings at ($3.49) EPS, FY2020 earnings at ($3.39) EPS and FY2021 earnings at ($3.08) EPS.

Corvus Pharmaceuticals (NASDAQ:CRVS) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.73) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.76) by $0.03.

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Several other research firms have also recently commented on CRVS. Cowen and Company reissued a “buy” rating on shares of Corvus Pharmaceuticals in a research note on Tuesday, May 2nd. Credit Suisse Group lowered Corvus Pharmaceuticals from a “neutral” rating to an “underperform” rating and set a $10.00 price target on the stock. in a research report on Monday, May 1st. Finally, Zacks Investment Research lowered Corvus Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Five research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $20.50.

Shares of Corvus Pharmaceuticals (NASDAQ:CRVS) opened at 11.65 on Monday. The stock has a 50 day moving average price of $12.07 and a 200 day moving average price of $12.92. Corvus Pharmaceuticals has a one year low of $8.27 and a one year high of $22.14. The firm’s market cap is $243.88 million.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRVS. Russell Investments Group Ltd. increased its stake in Corvus Pharmaceuticals by 29.3% in the second quarter. Russell Investments Group Ltd. now owns 9,286 shares of the company’s stock valued at $112,000 after buying an additional 2,105 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Corvus Pharmaceuticals by 43.3% in the first quarter. TIAA CREF Investment Management LLC now owns 7,181 shares of the company’s stock valued at $149,000 after buying an additional 2,170 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in Corvus Pharmaceuticals during the second quarter valued at about $212,000. Endurant Capital Management LP purchased a new stake in Corvus Pharmaceuticals during the first quarter valued at about $282,000. Finally, Oxford Asset Management purchased a new stake in Corvus Pharmaceuticals during the first quarter valued at about $287,000. Hedge funds and other institutional investors own 82.66% of the company’s stock.

In other Corvus Pharmaceuticals news, insider Richard A. Md Miller bought 25,000 shares of Corvus Pharmaceuticals stock in a transaction on Tuesday, June 13th. The shares were purchased at an average cost of $9.88 per share, for a total transaction of $247,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Holdings A/S Novo bought 20,000 shares of Corvus Pharmaceuticals stock in a transaction on Friday, June 23rd. The shares were acquired at an average price of $10.95 per share, for a total transaction of $219,000.00. Following the completion of the acquisition, the insider now owns 3,244,046 shares of the company’s stock, valued at approximately $35,522,303.70. The disclosure for this purchase can be found here.

Corvus Pharmaceuticals Company Profile

Corvus Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of immuno-oncology therapies. The Company is developing drugs and antibodies that block crucial immune checkpoints and reprogram immune T-cells. The Company has a pipeline of four immuno-oncology programs, three of which focus on the adenosine-cancer axis to modulate an immune response.

Earnings History and Estimates for Corvus Pharmaceuticals (NASDAQ:CRVS)

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