Evoke Pharma, Inc. (EVOK) Expected to Announce Earnings of -$0.20 Per Share

Equities analysts expect that Evoke Pharma, Inc. (NASDAQ:EVOK) will report ($0.20) earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Evoke Pharma’s earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.26). Evoke Pharma posted earnings of ($0.18) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 11.1%. The firm is expected to announce its next quarterly earnings report on Wednesday, March 21st.

On average, analysts expect that Evoke Pharma will report full year earnings of ($0.79) per share for the current year, with EPS estimates ranging from ($0.83) to ($0.75). For the next fiscal year, analysts expect that the business will post earnings of $0.10 per share, with EPS estimates ranging from ($0.52) to $1.16. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Evoke Pharma.

Evoke Pharma (NASDAQ:EVOK) last issued its earnings results on Tuesday, November 14th. The specialty pharmaceutical company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.13). During the same quarter last year, the business posted ($0.29) EPS.

Several analysts recently commented on EVOK shares. HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of Evoke Pharma in a research report on Tuesday, August 15th. Zacks Investment Research downgraded shares of Evoke Pharma from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. ValuEngine upgraded shares of Evoke Pharma from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. B. Riley reiterated a “buy” rating and issued a $10.00 price target on shares of Evoke Pharma in a research report on Wednesday, November 15th. Finally, Northland Securities reiterated a “buy” rating and issued a $10.00 price target on shares of Evoke Pharma in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $9.00.

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Institutional investors have recently made changes to their positions in the business. State Treasurer State of Michigan raised its position in Evoke Pharma by 37.0% during the 2nd quarter. State Treasurer State of Michigan now owns 400,000 shares of the specialty pharmaceutical company’s stock worth $1,024,000 after buying an additional 108,034 shares during the last quarter. Vanguard Group Inc. raised its position in Evoke Pharma by 15.1% during the 2nd quarter. Vanguard Group Inc. now owns 523,650 shares of the specialty pharmaceutical company’s stock worth $1,341,000 after buying an additional 68,544 shares during the last quarter. Finally, Sphera Funds Management LTD. raised its position in Evoke Pharma by 14.2% during the 3rd quarter. Sphera Funds Management LTD. now owns 571,022 shares of the specialty pharmaceutical company’s stock worth $1,907,000 after buying an additional 71,022 shares during the last quarter. Institutional investors own 13.33% of the company’s stock.

Shares of Evoke Pharma (NASDAQ EVOK) traded up $0.16 during trading on Monday, hitting $2.79. 86,900 shares of the stock traded hands, compared to its average volume of 424,781. Evoke Pharma has a fifty-two week low of $1.42 and a fifty-two week high of $4.55.

About Evoke Pharma

Evoke Pharma, Inc is a specialty pharmaceutical company. The Company is focused primarily on the development of drugs to treat gastrointestinal (GI) disorders and diseases. The Company is developing EVK-001, a metoclopramide nasal spray for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women.

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