Brokerages Expect Scholar Rock Holding Corp (SRRK) Will Post Earnings of -$0.74 Per Share

Equities research analysts expect Scholar Rock Holding Corp (NASDAQ:SRRK) to post ($0.74) earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Scholar Rock’s earnings, with the highest EPS estimate coming in at ($0.44) and the lowest estimate coming in at ($1.17). The business is scheduled to report its next earnings report on Wednesday, November 14th.

On average, analysts expect that Scholar Rock will report full-year earnings of ($4.50) per share for the current fiscal year, with EPS estimates ranging from ($5.79) to ($2.95). For the next year, analysts expect that the company will post earnings of ($3.20) per share, with EPS estimates ranging from ($4.80) to ($2.27). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Scholar Rock.

Scholar Rock (NASDAQ:SRRK) last posted its quarterly earnings data on Wednesday, August 8th. The company reported ($1.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by ($0.85).

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Scholar Rock from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets assumed coverage on shares of Scholar Rock in a research note on Monday, June 18th. They issued an “outperform” rating and a $31.00 price objective for the company. Jefferies Financial Group began coverage on shares of Scholar Rock in a research note on Monday, June 18th. They issued a “buy” rating and a $26.00 price objective for the company. Cowen began coverage on shares of Scholar Rock in a report on Monday, June 18th. They issued an “outperform” rating on the stock. Finally, Wedbush began coverage on shares of Scholar Rock in a report on Monday, June 18th. They issued an “outperform” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Scholar Rock presently has an average rating of “Buy” and an average price target of $27.33.

A number of large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in Scholar Rock during the second quarter worth approximately $151,000. TD Asset Management Inc. acquired a new stake in Scholar Rock during the second quarter worth approximately $183,000. Quantitative Systematic Strategies LLC acquired a new stake in Scholar Rock during the second quarter worth approximately $193,000. Laurion Capital Management LP acquired a new stake in Scholar Rock during the second quarter worth approximately $234,000. Finally, Dean Capital Investments Management LLC acquired a new stake in Scholar Rock during the second quarter worth approximately $604,000. 48.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ SRRK traded down $1.31 during midday trading on Thursday, hitting $24.94. The company’s stock had a trading volume of 80,366 shares, compared to its average volume of 51,092. Scholar Rock has a 1 year low of $13.09 and a 1 year high of $27.02.

About Scholar Rock

Scholar Rock Holding Corporation, a biopharmaceutical company, focuses on the discovery and development of various medicines for the treatment of serious diseases in which signaling by protein growth factors plays a fundamental role. The company is developing its lead antibody product candidate, SRK-015, a first-in-class inhibitor of the activation of myostatin that is in clinical development stage for the treatment of spinal muscular atrophy.

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Earnings History and Estimates for Scholar Rock (NASDAQ:SRRK)

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