Analysts Anticipate Nightstar Therapeutics (NITE) Will Post Earnings of -$0.39 Per Share

Equities research analysts predict that Nightstar Therapeutics (NASDAQ:NITE) will post ($0.39) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Nightstar Therapeutics’ earnings. The lowest EPS estimate is ($0.48) and the highest is ($0.29). The business is expected to issue its next quarterly earnings report on Tuesday, July 3rd.

On average, analysts expect that Nightstar Therapeutics will report full year earnings of ($1.83) per share for the current fiscal year, with EPS estimates ranging from ($2.37) to ($1.16). For the next financial year, analysts anticipate that the company will report earnings of ($1.65) per share, with EPS estimates ranging from ($1.98) to ($1.22). Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Nightstar Therapeutics.

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Several research analysts have recently issued reports on NITE shares. Chardan Capital started coverage on Nightstar Therapeutics in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $40.00 target price for the company. Mizuho started coverage on Nightstar Therapeutics in a research report on Tuesday, February 27th. They issued a “buy” rating and a $20.00 target price for the company. Wedbush restated an “outperform” rating and issued a $31.00 price target on shares of Nightstar Therapeutics in a research note on Wednesday, March 7th. Finally, Zacks Investment Research downgraded Nightstar Therapeutics from a “hold” rating to a “sell” rating in a research note on Saturday, April 7th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Nightstar Therapeutics presently has a consensus rating of “Buy” and a consensus price target of $28.50.



Shares of NASDAQ:NITE traded down $0.46 during trading on Monday, hitting $14.00. The stock had a trading volume of 8,873 shares, compared to its average volume of 28,815. Nightstar Therapeutics has a 12 month low of $10.01 and a 12 month high of $24.93. The firm has a market capitalization of $406.33 and a P/E ratio of -8.59.

Several institutional investors have recently bought and sold shares of the stock. Nationwide Fund Advisors purchased a new stake in shares of Nightstar Therapeutics in the 3rd quarter worth approximately $1,196,000. Essex Investment Management Co. LLC purchased a new stake in shares of Nightstar Therapeutics in the 4th quarter worth approximately $1,771,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Nightstar Therapeutics in the 3rd quarter worth approximately $5,761,000. Institutional investors own 29.06% of the company’s stock.

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About Nightstar Therapeutics

Nightstar Therapeutics plc, a clinical-stage gene therapy company, focuses on developing and commercializing novel one-time treatments for patients suffering from rare inherited retinal diseases in the United Kingdom. The company's lead product candidate includes NSR-REP1, a candidate that has completed Phase 1/2 clinical trial for the treatment of patients with choroideremia.

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Earnings History and Estimates for Nightstar Therapeutics (NASDAQ:NITE)

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