-$0.63 Earnings Per Share Expected for Omeros Co. (OMER) This Quarter

Brokerages expect Omeros Co. (NASDAQ:OMER) to post earnings of ($0.63) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Omeros’ earnings. The lowest EPS estimate is ($0.69) and the highest is ($0.57). Omeros posted earnings per share of ($0.25) during the same quarter last year, which would suggest a negative year over year growth rate of 152%. The business is scheduled to announce its next earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Omeros will report full year earnings of ($2.67) per share for the current fiscal year, with EPS estimates ranging from ($2.71) to ($2.62). For the next fiscal year, analysts expect that the company will report earnings of ($1.13) per share, with EPS estimates ranging from ($2.04) to ($0.22). Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Omeros.

Omeros (NASDAQ:OMER) last released its earnings results on Friday, November 9th. The biopharmaceutical company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($0.04). The business had revenue of $4.61 million during the quarter, compared to analysts’ expectations of $3.07 million. During the same quarter last year, the firm earned ($0.16) earnings per share.

OMER has been the topic of several analyst reports. Maxim Group reissued a “buy” rating and issued a $32.00 target price on shares of Omeros in a research note on Friday, November 9th. ValuEngine raised Omeros from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 24th. HC Wainwright set a $34.00 target price on Omeros and gave the company a “buy” rating in a research note on Monday, October 15th. Wedbush set a $20.00 target price on Omeros and gave the company a “hold” rating in a research note on Friday, August 10th. Finally, BidaskClub lowered Omeros from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.56.

NASDAQ:OMER traded down $0.01 during mid-day trading on Friday, hitting $13.95. The company had a trading volume of 419,350 shares, compared to its average volume of 895,182. Omeros has a fifty-two week low of $8.36 and a fifty-two week high of $27.00. The firm has a market capitalization of $684.17 million, a price-to-earnings ratio of -17.66 and a beta of 3.79.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Omeros by 1.6% during the third quarter. Vanguard Group Inc. now owns 2,204,427 shares of the biopharmaceutical company’s stock worth $53,810,000 after purchasing an additional 34,043 shares during the period. Morgan Stanley raised its position in shares of Omeros by 2.1% during the third quarter. Morgan Stanley now owns 283,507 shares of the biopharmaceutical company’s stock worth $6,920,000 after purchasing an additional 5,967 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Omeros by 1.8% during the third quarter. TIAA CREF Investment Management LLC now owns 244,374 shares of the biopharmaceutical company’s stock worth $5,965,000 after purchasing an additional 4,260 shares during the period. Teachers Advisors LLC raised its position in shares of Omeros by 35.6% during the third quarter. Teachers Advisors LLC now owns 116,400 shares of the biopharmaceutical company’s stock worth $2,841,000 after purchasing an additional 30,544 shares during the period. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Omeros during the third quarter worth about $301,000. 48.48% of the stock is currently owned by institutional investors.

Omeros Company Profile

Omeros Corporation, a biopharmaceutical company, discovers, develops, and commercializes small-molecule and protein therapeutics, and orphan indications targeting inflammation, coagulopathies, and disorders of the central nervous system. The company markets OMIDRIA for use in cataract surgery or intraocular lens replacement in the United States.

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Earnings History and Estimates for Omeros (NASDAQ:OMER)

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