Analysts expect Seres Therapeutics, Inc. (NASDAQ:MCRB) to post sales of $23.01 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Seres Therapeutics’ earnings, with estimates ranging from $23.00 million to $23.02 million. Seres Therapeutics posted sales of $13.02 million in the same quarter last year, which suggests a positive year-over-year growth rate of 76.7%. The firm is expected to announce its next quarterly earnings report on Thursday, November 9th.
On average, analysts expect that Seres Therapeutics will report full year sales of $23.01 million for the current financial year, with estimates ranging from $29.04 million to $32.00 million. For the next year, analysts anticipate that the company will post sales of $19.53 million per share, with estimates ranging from $12.00 million to $27.06 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Seres Therapeutics.
Seres Therapeutics (NASDAQ:MCRB) last released its quarterly earnings data on Thursday, August 3rd. The biotechnology company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.59) by $0.10. Seres Therapeutics had a negative return on equity of 80.21% and a negative net margin of 441.38%. The firm had revenue of $3 million for the quarter, compared to the consensus estimate of $3 million. During the same period in the previous year, the business earned ($0.70) EPS. The firm’s revenue was up .0% compared to the same quarter last year.
MCRB has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Seres Therapeutics from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Wednesday, July 5th. Cowen and Company reissued a “buy” rating on shares of Seres Therapeutics in a research report on Friday, May 19th. Canaccord Genuity set a $20.00 target price on shares of Seres Therapeutics and gave the company a “buy” rating in a research report on Monday, June 12th. ValuEngine raised shares of Seres Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, HC Wainwright reissued a “buy” rating and set a $19.00 target price (up previously from $15.00) on shares of Seres Therapeutics in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.00.
Seres Therapeutics (NASDAQ MCRB) traded up 0.56% on Monday, reaching $14.44. 26,597 shares of the company traded hands. The firm has a 50 day moving average of $13.62 and a 200-day moving average of $11.21. Seres Therapeutics has a one year low of $8.85 and a one year high of $15.09. The stock’s market capitalization is $584.99 million.
Hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC lifted its holdings in shares of Seres Therapeutics by 43.5% in the 4th quarter. Teachers Advisors LLC now owns 41,101 shares of the biotechnology company’s stock worth $407,000 after purchasing an additional 12,462 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Seres Therapeutics by 33.7% in the 1st quarter. Bank of Montreal Can now owns 19,144 shares of the biotechnology company’s stock worth $216,000 after purchasing an additional 4,829 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Seres Therapeutics in the 1st quarter worth $447,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Seres Therapeutics by 1.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 21,335 shares of the biotechnology company’s stock worth $240,000 after purchasing an additional 279 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Seres Therapeutics by 15.9% in the 1st quarter. JPMorgan Chase & Co. now owns 370,225 shares of the biotechnology company’s stock worth $4,172,000 after purchasing an additional 50,860 shares in the last quarter. 74.76% of the stock is owned by institutional investors.
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About Seres Therapeutics
Seres Therapeutics, Inc is a microbiome therapeutics platform company. The Company is engaged in developing a class of biological drugs, which is referred as Ecobiotic microbiome therapeutics. The Company’s drugs are designed to restore health by repairing the function of a dysbiotic microbiome. The Company is focused on implementing its microbiome therapeutics platform to develop Ecobiotic microbiome therapeutics that treats dysbiosis in the colonic microbiome.
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