Brokerages expect Editas Medicine, Inc. (NASDAQ:EDIT – Get Rating) to announce ($0.84) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Editas Medicine’s earnings, with estimates ranging from ($0.93) to ($0.72). Editas Medicine reported earnings of ($0.81) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 3.7%. The business is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Editas Medicine will report full-year earnings of ($3.41) per share for the current financial year, with EPS estimates ranging from ($3.83) to ($2.85). For the next fiscal year, analysts forecast that the firm will post earnings of ($3.38) per share, with EPS estimates ranging from ($3.85) to ($2.90). Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Editas Medicine.
Editas Medicine (NASDAQ:EDIT – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.74) EPS for the quarter, topping the consensus estimate of ($0.81) by $0.07. The firm had revenue of $6.80 million for the quarter, compared to the consensus estimate of $3.85 million. Editas Medicine had a negative net margin of 721.60% and a negative return on equity of 32.88%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.86) earnings per share.
NASDAQ:EDIT traded up $0.37 during trading hours on Friday, hitting $11.91. The company had a trading volume of 1,140,117 shares, compared to its average volume of 1,575,571. The company has a market capitalization of $817.50 million, a PE ratio of -4.36 and a beta of 2.07. The stock has a 50-day moving average price of $14.48 and a 200 day moving average price of $19.66. Editas Medicine has a 52 week low of $9.71 and a 52 week high of $73.03.
Hedge funds have recently bought and sold shares of the business. First Republic Investment Management Inc. bought a new position in shares of Editas Medicine during the 3rd quarter valued at approximately $206,000. Rockefeller Capital Management L.P. boosted its position in shares of Editas Medicine by 214.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 7,893 shares of the company’s stock valued at $323,000 after acquiring an additional 5,379 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Editas Medicine during the 3rd quarter valued at approximately $282,000. Franklin Resources Inc. boosted its position in shares of Editas Medicine by 92.1% during the 3rd quarter. Franklin Resources Inc. now owns 8,849 shares of the company’s stock valued at $363,000 after acquiring an additional 4,243 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Editas Medicine by 12.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 709,766 shares of the company’s stock valued at $29,160,000 after acquiring an additional 80,735 shares during the last quarter. Institutional investors and hedge funds own 75.48% of the company’s stock.
About Editas Medicine (Get Rating)
Editas Medicine, Inc, a clinical stage genome editing company, focuses on developing transformative genomic medicines to treat a range of serious diseases. It develops a proprietary gene editing platform based on CRISPR technology. The company develops EDIT-101, which is in Phase 1/2 clinical trial for Leber Congenital Amaurosis 10 that leads to inherited childhood blindness.
- Get a free copy of the StockNews.com research report on Editas Medicine (EDIT)
- MarketBeat: Week in Review 5/30 – 6/3
- Dividend Capture Strategy: What You Need to Know
- Xiaomi Co: Facing Macro Headwinds
- Okta On Verge Of Multi-Week Rally
- Don’t Bet On A Bounce For RH
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Editas Medicine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Editas Medicine and related companies with MarketBeat.com's FREE daily email newsletter.