Genocea Biosciences Inc (GNCA) Expected to Announce Earnings of -$0.20 Per Share

Brokerages expect that Genocea Biosciences Inc (NASDAQ:GNCA) will report earnings per share (EPS) of ($0.20) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Genocea Biosciences’ earnings. Genocea Biosciences posted earnings per share of ($0.48) during the same quarter last year, which would indicate a positive year over year growth rate of 58.3%. The company is expected to report its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Genocea Biosciences will report full year earnings of ($0.77) per share for the current fiscal year, with EPS estimates ranging from ($0.80) to ($0.74). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.81) per share, with EPS estimates ranging from ($0.86) to ($0.75). Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Genocea Biosciences.

Genocea Biosciences (NASDAQ:GNCA) last posted its earnings results on Friday, February 16th. The biotechnology company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.03.

Several equities research analysts have issued reports on GNCA shares. Piper Jaffray Companies restated an “overweight” rating and set a $5.00 target price on shares of Genocea Biosciences in a research report on Thursday, November 2nd. Robert W. Baird initiated coverage on shares of Genocea Biosciences in a report on Monday, February 12th. They issued an “outperform” rating and a $3.00 price target on the stock. Needham & Company LLC raised shares of Genocea Biosciences from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Tuesday, February 6th. Finally, Zacks Investment Research cut shares of Genocea Biosciences from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $4.21.

Shares of Genocea Biosciences (NASDAQ GNCA) opened at $1.00 on Tuesday. The stock has a market capitalization of $82.07, a price-to-earnings ratio of -0.51 and a beta of 1.55. Genocea Biosciences has a 12-month low of $0.79 and a 12-month high of $7.29. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.51.

Several institutional investors have recently added to or reduced their stakes in GNCA. GSA Capital Partners LLP bought a new position in shares of Genocea Biosciences in the second quarter worth $100,000. Ameriprise Financial Inc. increased its holdings in shares of Genocea Biosciences by 11.5% in the second quarter. Ameriprise Financial Inc. now owns 22,233 shares of the biotechnology company’s stock worth $119,000 after purchasing an additional 2,300 shares during the period. Millennium Management LLC bought a new position in shares of Genocea Biosciences in the fourth quarter worth $145,000. New York State Common Retirement Fund bought a new position in shares of Genocea Biosciences in the second quarter worth $159,000. Finally, OxFORD Asset Management LLP bought a new position in shares of Genocea Biosciences in the second quarter worth $204,000. 10.10% of the stock is currently owned by hedge funds and other institutional investors.

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About Genocea Biosciences

Genocea Biosciences, Inc, is harnessing the power of T cell immunity to develop vaccines and immunotherapies company. The Company uses its discovery platform, AnTigen Lead Acquisition System (ATLAS), to design vaccines and immunotherapies that act, in part, through T cell (or cellular) immune responses.

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Earnings History and Estimates for Genocea Biosciences (NASDAQ:GNCA)

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