Abeona Therapeutics Inc (ABEO) Expected to Post Quarterly Sales of $240,000.00

Brokerages predict that Abeona Therapeutics Inc (NASDAQ:ABEO) will report $240,000.00 in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Abeona Therapeutics’ earnings, with estimates ranging from $200,000.00 to $300,000.00. Abeona Therapeutics posted sales of $260,000.00 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.7%. The business is expected to announce its next earnings results on Friday, March 30th.

On average, analysts expect that Abeona Therapeutics will report full year sales of $240,000.00 for the current year, with estimates ranging from $800,000.00 to $900,000.00. For the next fiscal year, analysts anticipate that the business will report sales of $1.21 million per share, with estimates ranging from $800,000.00 to $1.72 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Abeona Therapeutics.

Abeona Therapeutics (NASDAQ:ABEO) last announced its quarterly earnings data on Wednesday, November 15th. The biopharmaceutical company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.05. The firm had revenue of $0.22 million for the quarter, compared to analyst estimates of $0.22 million. Abeona Therapeutics had a negative return on equity of 27.69% and a negative net margin of 2,946.58%.

Several equities analysts have recently commented on ABEO shares. Maxim Group set a $17.00 price objective on Abeona Therapeutics and gave the company a “buy” rating in a research report on Tuesday, August 29th. HC Wainwright restated a “buy” rating and set a $20.00 target price on shares of Abeona Therapeutics in a report on Friday, September 8th. Royal Bank of Canada initiated coverage on Abeona Therapeutics in a report on Thursday, September 14th. They set an “outperform” rating and a $23.00 target price for the company. Cantor Fitzgerald restated a “buy” rating and set a $21.00 target price on shares of Abeona Therapeutics in a report on Friday, October 6th. Finally, Citigroup initiated coverage on Abeona Therapeutics in a report on Tuesday, October 10th. They set a “buy” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $26.10.

A number of hedge funds have recently modified their holdings of ABEO. Geode Capital Management LLC lifted its holdings in Abeona Therapeutics by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 196,073 shares of the biopharmaceutical company’s stock worth $980,000 after buying an additional 4,588 shares during the period. Family Management Corp lifted its holdings in Abeona Therapeutics by 50.0% in the 3rd quarter. Family Management Corp now owns 36,000 shares of the biopharmaceutical company’s stock worth $614,000 after buying an additional 12,000 shares during the period. Ardsley Advisory Partners lifted its holdings in Abeona Therapeutics by 33.3% in the 2nd quarter. Ardsley Advisory Partners now owns 60,000 shares of the biopharmaceutical company’s stock worth $383,000 after buying an additional 15,000 shares during the period. State of Wisconsin Investment Board purchased a new stake in Abeona Therapeutics in the 2nd quarter worth approximately $122,000. Finally, Rhumbline Advisers purchased a new stake in Abeona Therapeutics in the 2nd quarter worth approximately $190,000. Institutional investors own 41.95% of the company’s stock.

Abeona Therapeutics (NASDAQ:ABEO) opened at $15.85 on Friday. The company has a market capitalization of $699.29, a PE ratio of -24.02 and a beta of 2.23. Abeona Therapeutics has a 1 year low of $4.49 and a 1 year high of $22.75.

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About Abeona Therapeutics

Abeona Therapeutics Inc is a clinical-stage biopharmaceutical company developing novel gene therapies for life-threatening rare genetic diseases. The Company’s lead programs include ABO-102 (AAV-SGSH), an adeno-associated virus (AAV) based gene therapy for Sanfilippo syndrome type A (MPS IIIA) and EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB).

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Earnings History and Estimates for Abeona Therapeutics (NASDAQ:ABEO)

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