Equities analysts predict that Acer Therapeutics Inc (NASDAQ:ACER) will post ($0.81) earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Acer Therapeutics’ earnings. The highest EPS estimate is ($0.58) and the lowest is ($0.97). Acer Therapeutics posted earnings of ($0.64) per share in the same quarter last year, which indicates a negative year over year growth rate of 26.6%. The business is scheduled to report its next quarterly earnings results on Monday, August 12th.
According to Zacks, analysts expect that Acer Therapeutics will report full-year earnings of ($2.77) per share for the current fiscal year, with EPS estimates ranging from ($3.42) to ($2.17). For the next year, analysts forecast that the firm will report earnings of ($1.52) per share, with EPS estimates ranging from ($1.78) to ($1.14). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Acer Therapeutics.
Acer Therapeutics (NASDAQ:ACER) last posted its quarterly earnings data on Tuesday, May 14th. The biopharmaceutical company reported ($0.79) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.83) by $0.04.
Shares of Acer Therapeutics stock traded down $0.21 on Friday, reaching $2.38. The company’s stock had a trading volume of 138,699 shares, compared to its average volume of 203,547. The firm has a market capitalization of $26.23 million, a P/E ratio of -0.96 and a beta of 1.54. Acer Therapeutics has a 52-week low of $2.34 and a 52-week high of $34.10. The business has a 50-day simple moving average of $4.41.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its position in shares of Acer Therapeutics by 5.7% during the fourth quarter. Northern Trust Corp now owns 33,572 shares of the biopharmaceutical company’s stock worth $676,000 after purchasing an additional 1,797 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Acer Therapeutics by 13.7% during the fourth quarter. Geode Capital Management LLC now owns 35,736 shares of the biopharmaceutical company’s stock worth $719,000 after purchasing an additional 4,297 shares in the last quarter. Tibra Equities Europe Ltd purchased a new stake in shares of Acer Therapeutics during the first quarter worth approximately $297,000. SG Americas Securities LLC purchased a new stake in shares of Acer Therapeutics during the first quarter worth approximately $101,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Acer Therapeutics during the first quarter worth approximately $253,000. Hedge funds and other institutional investors own 31.07% of the company’s stock.
Acer Therapeutics Company Profile
Acer Therapeutics Inc, a pharmaceutical company, focuses on the acquisition, development, and commercialization of therapies for serious rare and life-threatening diseases. Its pipeline includes three clinical-stage candidates: EDSIVO for the treatment of vascular Ehlers-Danlos Syndrome in patients with a confirmed type III collagen mutation; and ACER-001, a formulation of sodium phenylbutyrate for the treatment of various inborn errors of metabolism, including urea cycle disorders, maple syrup urine disease, and osanetant for the treatment of various neuroendocrine disorders.
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