Calithera Biosciences Inc (CALA) Expected to Announce Earnings of -$0.33 Per Share

Wall Street analysts expect Calithera Biosciences Inc (NASDAQ:CALA) to post ($0.33) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Calithera Biosciences’ earnings, with the lowest EPS estimate coming in at ($0.41) and the highest estimate coming in at ($0.21). Calithera Biosciences reported earnings per share of ($0.15) during the same quarter last year, which suggests a negative year over year growth rate of 120%. The firm is scheduled to report its next earnings report on Tuesday, August 14th.

According to Zacks, analysts expect that Calithera Biosciences will report full-year earnings of ($1.40) per share for the current fiscal year, with EPS estimates ranging from ($1.65) to ($1.00). For the next financial year, analysts anticipate that the business will post earnings of ($1.70) per share, with EPS estimates ranging from ($2.38) to ($1.00). Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Calithera Biosciences.

Calithera Biosciences (NASDAQ:CALA) last posted its earnings results on Thursday, May 10th. The biotechnology company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.05). Calithera Biosciences had a negative net margin of 131.51% and a negative return on equity of 22.92%. The firm had revenue of $5.19 million for the quarter, compared to analysts’ expectations of $7.28 million.

A number of research analysts have issued reports on CALA shares. Leerink Swann reaffirmed an “outperform” rating on shares of Calithera Biosciences in a report on Friday, April 6th. ValuEngine raised shares of Calithera Biosciences from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Finally, Zacks Investment Research cut shares of Calithera Biosciences from a “hold” rating to a “sell” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $16.50.

NASDAQ:CALA traded down $0.40 during midday trading on Friday, reaching $4.30. 518,103 shares of the stock traded hands, compared to its average volume of 488,949. The stock has a market capitalization of $173.85 million, a price-to-earnings ratio of -5.47 and a beta of 2.53. Calithera Biosciences has a 12-month low of $4.30 and a 12-month high of $20.05.

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Calithera Biosciences in the fourth quarter worth $103,000. Sofinnova Ventures Inc acquired a new stake in shares of Calithera Biosciences in the first quarter worth $126,000. Lazard Asset Management LLC acquired a new stake in shares of Calithera Biosciences in the fourth quarter worth $167,000. Ellington Management Group LLC acquired a new stake in shares of Calithera Biosciences in the fourth quarter worth $191,000. Finally, Citigroup Inc. increased its stake in shares of Calithera Biosciences by 78.4% in the first quarter. Citigroup Inc. now owns 23,746 shares of the biotechnology company’s stock worth $150,000 after acquiring an additional 10,433 shares during the period. Hedge funds and other institutional investors own 62.82% of the company’s stock.

About Calithera Biosciences

Calithera Biosciences, Inc, a clinical-stage bio-pharmaceutical company, focuses on the discovery and development of small molecule drugs directed against tumor metabolism and tumor immunology targets for the treatment of cancer in the United States. Its lead product candidate is CB-839, an inhibitor of glutaminase, which is in Phase II clinical trial to treat solid tumors.

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Earnings History and Estimates for Calithera Biosciences (NASDAQ:CALA)

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