Equities research analysts forecast that Zymeworks Inc. (NYSE:ZYME – Get Rating) will announce earnings per share of ($0.86) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Zymeworks’ earnings. The highest EPS estimate is ($0.79) and the lowest is ($1.00). Zymeworks posted earnings of ($1.31) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 34.4%. The business is scheduled to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Zymeworks will report full year earnings of ($3.76) per share for the current financial year, with EPS estimates ranging from ($4.65) to ($3.08). For the next year, analysts expect that the business will post earnings of ($0.85) per share, with EPS estimates ranging from ($3.08) to $0.46. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Zymeworks.
Zymeworks (NYSE:ZYME – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported ($0.95) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.06) by $0.11. Zymeworks had a negative return on equity of 84.77% and a negative net margin of 858.18%. The company had revenue of $19.87 million for the quarter, compared to the consensus estimate of $12.69 million.
Several hedge funds have recently added to or reduced their stakes in ZYME. FMR LLC grew its holdings in shares of Zymeworks by 331.4% in the first quarter. FMR LLC now owns 2,401,897 shares of the company’s stock valued at $38,863,000 after acquiring an additional 1,845,142 shares in the last quarter. Bank of America Corp DE lifted its stake in Zymeworks by 60.4% in the second quarter. Bank of America Corp DE now owns 9,445 shares of the company’s stock valued at $328,000 after purchasing an additional 3,557 shares during the last quarter. Invesco Ltd. lifted its stake in Zymeworks by 43.8% in the second quarter. Invesco Ltd. now owns 9,646 shares of the company’s stock valued at $335,000 after purchasing an additional 2,937 shares during the last quarter. Morgan Stanley lifted its stake in Zymeworks by 32.9% in the second quarter. Morgan Stanley now owns 2,316,647 shares of the company’s stock valued at $80,363,000 after purchasing an additional 574,073 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in Zymeworks in the third quarter valued at approximately $755,000. 68.38% of the stock is owned by institutional investors.
ZYME stock traded up $0.34 during trading on Friday, reaching $5.55. 1,147,289 shares of the stock were exchanged, compared to its average volume of 3,387,387. The firm’s 50 day moving average is $6.30 and its 200 day moving average is $11.68. Zymeworks has a twelve month low of $4.56 and a twelve month high of $39.41. The firm has a market cap of $320.62 million, a P/E ratio of -1.18 and a beta of 1.06.
About Zymeworks (Get Rating)
Zymeworks Inc, a clinical-stage biopharmaceutical company, discovers, develops, and commercializes biotherapeutics for the treatment of cancer. The company's lead product candidates include zanidatamab, a novel bispecific antibody that is in Phase 1 and Phase 2 clinical trials for the treatment of biliary tract, gastroesophageal adenocarcinomas, breast, and colorectal cancer; and ZW49, a biparatopic anti-human epidermal growth factor receptor 2 (HER2) antibody-drug conjugate that is in Phase 1 clinical trial for the treatment of advanced or metastatic HER2-expressing tumors.
- Get a free copy of the StockNews.com research report on Zymeworks (ZYME)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Zymeworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zymeworks and related companies with MarketBeat.com's FREE daily email newsletter.