Brokerages Expect BeyondAirInc . (NASDAQ:XAIR) to Post ($0.30) Earnings Per Share

Shares of BeyondAirInc . (NASDAQ:XAIR) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price objective of $14.00 for the company and are anticipating that the company will post ($0.30) EPS for the current quarter, according to Zacks. Zacks has also given BeyondAirInc . an industry rank of 80 out of 256 based on the ratings given to its competitors.

XAIR traded up $0.03 on Friday, hitting $5.00. 6,520 shares of the company’s stock were exchanged, compared to its average volume of 14,001. The firm has a market cap of $54.58 million, a price-to-earnings ratio of -5.95 and a beta of -0.27. BeyondAirInc . has a twelve month low of $3.11 and a twelve month high of $6.25.

BeyondAirInc . (NASDAQ:XAIR) last released its quarterly earnings data on Tuesday, June 25th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.13). The company had revenue of $7.70 million for the quarter, compared to analysts’ expectations of $2.75 million. Equities analysts anticipate that BeyondAirInc . will post -1.14 EPS for the current year.

BeyondAirInc . Company Profile

Beyond Air, Inc, a clinical-stage medical device and biopharmaceutical company, develops nitric oxide (NO) delivery systems to treat respiratory tract infections and other diseases. Its NO delivery systems are used for the treatment of pulmonary hypertension of the newborn, bronchiolitis, and nontuberculous mycobacteria.

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