Analysts expect that Intellipharmaceutics International Inc. (NASDAQ:IPCI) (TSE:I) will announce ($0.04) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Intellipharmaceutics International’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at $0.03. Intellipharmaceutics International reported earnings per share of ($0.14) in the same quarter last year, which suggests a positive year-over-year growth rate of 71.4%. The company is scheduled to report its next earnings report on Friday, February 9th.
On average, analysts expect that Intellipharmaceutics International will report full year earnings of ($0.21) per share for the current financial year, with EPS estimates ranging from ($0.31) to ($0.11). For the next financial year, analysts anticipate that the company will post earnings of $0.10 per share, with EPS estimates ranging from ($0.32) to $0.51. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Intellipharmaceutics International.
IPCI has been the topic of a number of research analyst reports. Maxim Group reissued a “buy” rating and issued a $6.00 price target on shares of Intellipharmaceutics International in a report on Friday, June 30th. ValuEngine lowered shares of Intellipharmaceutics International from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Intellipharmaceutics International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Mackie raised shares of Intellipharmaceutics International to a “hold” rating and increased their price target for the stock from $1.00 to $3.10 in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $3.78.
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Intellipharmaceutics International Company Profile
Intellipharmaceutics International Inc is a Canada-based pharmaceutical company engaged in the research, development and manufacture of controlled-release and targeted-release oral solid dosage drugs. Its Hypermatrix technology is a multidimensional controlled-release drug delivery platform that is applied to the development of a range of existing and new pharmaceuticals.
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